Honestly, my summary is based on ASX announcements! You can...

Honestly, my summary is based on ASX announcements!
You can question accuracy of ASX announcements.
Please do NOT make personal attacks!

I have noticed you bought at very high, now sold down BLK, and told anyone to be cautious.
Why can we just discuss the stock, if you can?


Nice cut and paste job from previous presentations. Bryan Dixon would be pleased.

My compiled table and chart, are based on ASX announcements of each mentioned gold stocks.

Record aisc??? Not hard when the previous were $500 to $1000 above forecast. Plus just a one or two month one off.

BLK was in trouble and did $36m entitlement issue, now production performance started to show positive developments as evidenced by last two months performance.
Let's wait and see.

Why don't you talk about the future strip ratios?

The AISC forecast for next 3.5 year free milling mine: A$1,100-A$1,200/oz, is extracted from the recent ASX presentation.

Why don't you tell the punters you are trying to hoodwink why the BOD didnt mention the aisc in the september quarter??

You should send your query to the company.
The September quarterly report showed C1 cost of A$1,390/oz, mentioned wall instability.
The share price is forwarded looking, not based on the history.
RSG, was down from $2 to 24c due to their issues, but then recovered to $2.2/share, now standing at $1.185/share.
No one knows what tomorrow will bring.

Record production?? Still 2000 oz short of what was projected.

You can send your query to the company re their reporting.


You do realise to achieve this mythical 200,000 plus oz the plant will basically need to be doubled.


I clearly quoted, they need $114m capex.

How? More debt? More dilution? Another BILLION shares?


Need to wait for ASX announcement for that.
My guess is, if BLK can successfully execute their free milling mine plan for next 3.5years.
That is estimated to generate $107m after tax cash:
(Price of Gold: A$1,650/oz - AISC: A$1,150/oz) x 250,000oz = $125m cash flow generated from free milling gold mine
Less: income tax estimate ($125m - accumulated losses of $45m) x 28.5% = $18m

Also, 8c options expiring January 2019, if exercised, will generate $39m additional cash.

Total $164m cash should be far enough to fund capex of $114m for 207koz annual production, imo.

Why not address the patchy nature of the underground mine and the difficulties encountered.

Ask the mine expert.

Some of the most blatant one sided ramping I have seen...and that is something on HC!!!!
Buyers beware.

Everyone should do own research, HC is just a public forum for genuine investors to share personal opinions and research, imo.