So.. I try to keep an eye on all the gold stocks worth watching. This caught my eye from NST today.
Brian D. keeps banging on about BLK and its 200k+ p.a potential as being a rare find on the ASX, or arguably on any exchange globally. When NST agrees, I think the market has to start opening itself to the possibility that BLK might just have the goods... I say that, because if the market did believe this, the the share price would not be $0.59.
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NST also mentions that because green field discoveries are basically non-existent, all they can do is focus on brownfield. To me that has a double meaning. Yes, they will keep doing what they are doing to ensure they have more mine life (currently they have just 4 years...) plus, is they plan to actually grow production their only option is to buy into existing projects/companies.
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Am I saying NST is going to try a T/O of BLK tomorrow... no, but.. considering that BLK could in just 2 years time have the ability to produce 50% of the rate of NST, yet for now, its market cap is 12.5 times small.. well, I would have thought that even if they hate the idea of buying up something that they could have bought for pocket change not long ago, their mantra is returns over size, well, I think BLK can offer both. Anyway, just some idle thoughts on the matter.