Well MKO had 900k in the bank and acquired a plant for $4 mill they put on 150% on there last ann!…..
Blackham has similar amount of shares on issue far bigger resource currently available, Williamson currently drilling to considerably upgrade grade and resource, not to mention all approvals mining ready to go etc……... if they purchase the plant for $4-5 mil, will probably still have cash-flow of $5mill available!!
We will have to wait and see what deal terms are first!
BLK Price at posting:
17.0¢ Sentiment: None Disclosure: Held