That's not important Blackham has to do several things, first and foremost they need to bring the plant up to commercial production rates, to prove they can produce 100koz next year.
Second they need to drill out these resources that they have they have to measure them so we can have a great enough confidence to go dig them out of the ground, that will happen gradually over the next 18months.
At the same time they need to reinvest in upgrading the capacity of the plant clearing the way for 200koz+ production.
If they can do all that successfully skys the limit really rrl were up near $2bill recently doing 300koz a year with a 2Moz reserve on a 8Moz resource, all goes well we could be doing 200koz with a 1.5Moz reserve on a 5Moz resource.
When I bought rrl around a $1 they weren't the company they were today when I bought RMS at 10 cents they weren't either, BDR was looking very sick with all sorts of problems when I picked it up for 11 cents.
In this game if you want to make big money long money you have to go where you think the ball is going even if the vast majority of panicked idiots are going the other way.
BLK Price at posting:
64.5¢ Sentiment: Hold Disclosure: Held
