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BLK 4.2¢

Cheap Near Term Gold Produe

  1. Fibonarchery

    12,525 Posts.

    BLK is 100% owner of the Matilda Gold Project

    Matilda has a 4.4 million ounce gold deposit, which had increased 14 fold in the last 3 years, and continues to grow.

    Resource comprised of 42 million tonnes of ore at 3.3g/t, with 2 million ounces measured and indicated at 3.8 g/t from 17 million

    All resources are within 20 km of BLK's 100% owned gold processing plant at Wiluna.

    The ASX Gold Index was at its highest in April 2011, when gold prices were AUD$1400 per ounce.

    That index is now 60% lower, despite the gold price over 15% higher at AUD$1650 per ounce.

    All In Sustaining Costs (AISC) AUD$1000 per ounce, which will deliver clear profit before tax of $650 per ounce produced.

    $3 million was raised (heavily oversubscribed) last week at 9c

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