It's a pity all those are based on assumptions about the cost per oz. The company has yet to release ASIC figures and if they were truly good they would be released asap. This is however not the case.
Let's say the company produces 70k per annum. A quarter would be 17500 ounces. This is the top end of their guidance. Let's use gold price of 1600$ and that gives 28m revenue.
Now let's compare that to estimated cash outflow of 38.38m in the quarterly.
Yeah I can see why hunter hall reduced their exposure now.... and so have directors.
BLK Price at posting:
54.5¢ Sentiment: Sell Disclosure: Not Held
