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Bobwins

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Bobwins

Re: None

Tuesday, 06/21/2016 9:48:36 PM

Tuesday, June 21, 2016 9:48:36 PM

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BLK.ax/BKHRF A$.505

Bought a small position in Blackham Resources Limited. This is a near term Australian producer(next qtr) scheduled to produce 100K+ for 8 + years.

Total resource is over 4million oz. This is an old producing area so the startup costs were low and payback is forecast at only 11months.

They are refurbishing the mill and will start hauling rock next month.

Market cap is just below US$100 million. They have already raised their money so share count should be fairly accurate at 253million shares + 34million options. Upon completion, they will end up with about A$47million in debt.

http://blackhamresources.com.au/wp-content/uploads/2016/06/BLK-Presentation-June-2016v2.pdf

Here is a research report from Canaccord Genuity:

http://blackhamresources.com.au/wp-content/uploads/2016/03/Canaccord-15032016-80c.pdf

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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