I've followed BLK for awhile now... great little undervalued play. Love their 5m oz resource and 100K/year mine... such a sleeper. Going well past $1 Takeover target IMO
Blackham Resources article. https://www.businessnews.com.au/article/Blackham-flags-growth-plan : First Wiluna gold pour at around same time of Rio Olympics ending. : Plan to boost mine production capacity from 100,000oz to 130,000-200,000oz per year.
BLK hit hard today. Down 17.5% to 0.305 and lowest close since early 2016. If gold spot drops through $1260 USD tonite we will see more blood-letting tomorrow. Could be another bargain to watch for once the selling is done.
This is the sort of company to be very skeptical of when it gets frqeuently mentioned on forums. No production when it was being discussed, everything imminent. Nothing proven by years of production and profits, just one project with mention of "expansion options" A poster here with 'cajones' called me a "cushion fluffer" with no eye for opportunity when the stock was selling at almost 3x times the low of today on a p/b of 9 when you could get NST for p/b of 5 or so.
With all respect, i tend to lean on DCN as it offers a brighter future from now. I have been scooping them as much as I can. SP is undervalued (based on projected production etc), heavyweight financial backers ticked, cash at bank ticked, commissioning the mine ticked and the first pour will be in q1 2018.
interesting stock at current price. I am biased!!! ( initial target 200DMA) . Stake holders Interested in this quarter results. Scott-reeve ( or any other members with the ability) any chance loading up the monthly chart for the last 3 years or so ? cheer$
looks like its ran out of puff at 0.32 at this mornings open more news out regarding expansion plans cheer$
anyone been following this the last couple weeks. Getting a lot of interest on forums and gone from 4c to 9c over the last two weeks. AISC been reduced to around $1100 an ounce and seems to be moving up quickly.
This will close gap at 0.14 in next month i bought on close Friday. This month's profit should be between 6-7m. DYOR