BLK 1.5moz resource , cashed up, currently two drill rigs onsite one drilling matilda mine the other high grade at Williamson (similar mine to regis Duketon Gold Project, although BLK has higher head grade with overall recoveries at 93%) - should be interesting some massive historical hits. targeting over 3moz in the near term.
Capex to mining only $10m, will start generating cash in the very near term. NPV 82c on Matilda mine only current s/p 23c $3.5m cash - $10m unsecured notes, leaves BLK option to raise debt funding
