1. Most Discussed
  2. Gainers & Losers
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

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.