Nice post. The SP should soon reflect the fundamentals. As far...

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ASXcowboy

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10/03/18

18:30

Post #: 31664191
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Originally posted by 8horse ↑

I've compiled ASX announcements into the following table and chart for comparison only.
There're many other factors to be considered as limited facts can be included in a table and chart.

As at today, BLK, is valued at A$18/oz for 6.5Moz JORC gold resource.
BLK: Cash and bullion of $31.4 million and secured debt of $43.8 million at 28 Feb 2018, net debt A$12.4m, reduced by $8.2m from the operating cash flow over last two months.

Recent production performance:
All in sustaining costs (AISC) reduced to A$912/oz in Feb 18, a 21% decrease on Jan’18 (A$1,158/oz)
New record monthly gold production in Feb 18 of 6,713oz (Jan’18: 6,498oz)

Stage 1: Free Milling Mine:
- Initial 3.5 years free milling mine to mine 250,000oz at AISC A$1,100 - A$1,200/oz, started January 2018.
- Free milling resource: 22.8Mt @1.76g/t, 1.3Moz to support future expansion

Stage 2: Medium Term Growth:
- Initial 9 year mine plan for 1.5Moz production (Most of DFS costs already spent)
- Capex: A$114m
- Annual production 207koz at AISC A$1,058/oz for first six years
- NPV8%: A$360m ; IRR 123%
- 6.5Moz JORC gold resource support expand of mine life

Resource Growth Potential:
- Large land holding of +1,100km2
- 55km of strike

View attachment 1004956

View attachment 1004980

View attachment 1004959 View attachment 1004962 View attachment 1004965 View attachment 1004968 View attachment 1004971 View attachment 1004974

Always do your own research.
Have a good weekend.

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Nice post. The SP should soon reflect the fundamentals.

As far as stories go, I think the market is seeing the next potential SBM story unfold. Near term BLK looks fine, it's the M-LT is where it gets risky.

This month's production should be a corker if you consider last month's was effected by weather.

BLK Price at posting: 8.1¢ Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

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Nice post. The SP should soon reflect the fundamentals. As far...

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