Agreed Cdchi1
The asset/resource and its potential for further growth is why I bought BLK in the 1st place. I really like a good exploration story. At some stage I held/traded AXM (not till the end thankfully) so was loosely familiar with the asset and aware of 'management' issues etc. I still see a lot of potential at depth which has been lightly or poorly tested.
I've seen the figure of $45m in a couple of research reports as an estimate for the expansion to 200k Oz pa
I imagine the ROI on that sort of spend would look pretty good[/QUOTE]
Yeah I agree acquisition would be crazy when sitting on 6m+ oz...
There is arguably still good gold left down in Wiluna in the 3.3m/oz, they have drill there first hole testing depth at Matilda, then there is Williamson which could be biggest yet?
6m/oz is our starting point, with enough $$, time and POG at these levels, could realistically double in my view.
I think they are conservative with expansion plan, whilst say approx 200k oz again with right grades from right deposit could go north from there imo fairly easy...
BLK Price at posting:
61.0¢ Sentiment: None Disclosure: Held
