Surprised no one has posted here.I was lucky enough to buy this stock at 0.385 back in April 2016 and it has been a steady stock to own.
I am up 200%.
It is about to go into production.
Matilda mine is economic at $1100.
The commencement of mining represents another significant milestone in Blackham's transition from gold explorer to gold producer at a time of record Australian gold prices and gold production remains on track for the September 2016 Quarter.
The Project has an initial mine life of 8 years that has the potential to grow rapidly. Blackham's 780 sq km tenement area is highly prospective and recently it was announced that its exploration team had already managed to:
- Increase the Project's Ore Reserves to 7.0 million tonnes @ 2.5g/t for 560,000 ounces, up 17% since the Project's Definitive Feasibility Study ("DFS")
- Increase the Mining Inventory to 9.3 million tonnes @ 2.9g/t for 873,000 ounces (up 14% since the DFS)
- Increase the Project's Resource to 48 million tonnes @ 3.3g/t for 5.1 million ounces (48% Indicated) all located within a 20km radius of Blackham's Wiluna gold plant.
-
Existing plant & infrastructure unlocks the value of the Matilda Gold Project with +100,000ozpa production by Q3,2016. https://blackhamresources.com.au
(Above is their main website)
Some reading: https://www.poloresources.com/Investments_Blackham.htm
https://www.proactiveinvestors.com.au/sponsors/676/blackham-resources-ltd-0676.html
https://www.24hgold.com/english/infocompany.aspx?id=20011566E6680&market=BLK.AX
It looks like they will find more Gold and extend their mines life.