WILUNA MINING CORP

I SEE IT BUT I DON’T BELIEVE IT!!!!

Blackham Resources is a high cost, over-leveraged west Aussie gold producer that goes bust every few years;

RIGHT? WRONG!! Look again. Everything just changed.


30 March 2020 is a RED LETTER-DAY for Blackham. Blackham has just raised A$52 million new equity – A$26 million from an equity placement to far-sighted global institutions plus an additional A$26 million from a rights issue underwritten by Delphi AG of Germany. Blackham now has pro-forma NET CASH of A$33 million.


The A$650 per ounce Aussie dollar gold price increase in 2020 has also added over A$40 million to Blackham’s 2020 pro-forma cash-flow:


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Blackham Res 30 03 2020
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