apex plant, page-15

with the plant you would have to value the gold in ground at the market average $40 p/oz at least or on the 1.5moz $60m / 89m shares near on 70c

then you have the coal asset worth at least $10m or 11c.

short term target should be closer to 80c on fundamentals alone.

and that isn't factoring any exploration upside with historical hits 2,700g/t

http://www.asx.com.au/asxpdf/20050412/pdf/3qg9rgnb2tgvm.pdf

I'll say it again, BLK is a regis all over again and with the plant the market will take notice...