ZINVESTORI was under the impression BLK was a Gold Miner but as...

ZINVESTOR

I was under the impression BLK was a Gold Miner but as Ive read it is a coal miner. So my figures are way short, I have an article that gives you the cost of mining coal in percentages and amounts of coal processed. Right now I don't hold out much hope for junior Miners of any sought getting acceptable finance for operations in Australia. Im not expert but I know that XTRATA has shelved the plans for the big Wandoan Coal mine in Queensland because of the price of COAL (POC). Mooranbah in QLD has closed up shop as well, although Im not sure if that was the end of mine life or not.

I know for Junior Gold miners there is little hope of getting start up capital to take them through to production.