If rumours of the BLK rights issue and placement true make...

If rumours of the BLK rights issue and placement true make Gascoyne amazingly cheap on all metrics. They will be producing 100/+oz in 2018 with plenty of exploration close to plant to extend mine life with the addition of Glenburgh another 100/oz + in 2019. They need way less capital than BLK and debt payback will be very quick then its all cash flow.. This company cares about shareholders as all directors own large amounts of stock so not just issuing shares everytime stock moves. Just hope it gets to reach its potential before it gets taken out.