Big discount @ 68 cents. I agree that little cash will be on expansion but on working capital.
My view, is that BLK should focus on 7,500 oz - 10,000 oz per month before trying to accomplish 25,000 oz per month.
While the MD has done well over the past 2 years, one has to wonder if he is taking too many risks. He acts like he is trying to be the next Twiggy Forrest.
Just produce 10,000 oz per month and the market will revalue based on performance not ego.
Just my view. DYOR.
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