Good post. You are correct it is the inconvenient truth. I...

Good post. You are correct it is the inconvenient truth.

I remember 6 months ago, I asked a private equity friend of mine, about BLK.

His view was that..." Nothing good ever will come out of Wiluna"

At the time, I was perplexed, they had done a DFS, there was a resource. $100M in equity over the last 2 years had been raised + debt of $60M.

But at the end of the day, if you can not mine and produce gold economically then it will end in tears.

I have said many times, all BD needs to do is focus on 5,000 - 10,000 oz per qtr-but do it properly.

Instead they spend money on 200,000 oz per year studies which are not needed.

If BD proves AISC of $1500 AUD or less, then things will improve and the market will show respect.

In just over 30 days, is the quarterly. everyone can see factually how they are going. It will be black or white.

There is no secret agenda- it either works or it doesn't.