Gravity, you are absolutely right about the past performance. No question about it. But investing is looking at the marketvalue of an company. It tells you everything about the past and present. It is "in the stockprice". I think this is about right for BLK. For me it is all about the future. You say the past and present is a reasonable indicator for the future. Most of the times this sounds reasonable, but once in a while there is the exception.For me BLK can be that exception.For that I am willing to give the management the benefit of the doubt. I think (and hope) that with the new management and a repaired balancesheet something has changed. That is where the surprise can come from. If they can performe in the next 2 quarters and deliver around the 20.000 OZ per quarter than the present marketvalue is way too low.That is my bet with some money.So I let myself surprise by the company.If I am right the performance of the stock will be so much better than the other miners.
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