OK I'll play the devils advocate ......BLK seem to have a lot of variety of resources and reserves and seems to me if they are sensible about checking their numbers before before they commit to mining particular deposits to make sure they are economic surely some of that big pile of ore must make them money .
Is there a reason you guys are writing off the whole project ?
Maybe you know more than me and are right but as a point of logic just because it hasn't been mined profitably YET doesn't mean it can't if done right and they did have rain last Q !
A T/O maybe not the best option here (for RMS) BUT if RMS management did contemplate a merger I think their experience and careful approach to development could be advantageous and I would be prepared to trust their judgement .
A merger or t/o probably won't happen, nor am I saying it should, but if BLK DID turn that project around it would start to look like low hanging fruit at that price.
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OK I'll play the devils advocate ......BLK seem to have a lot of...
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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3 | 3744 | 2.150 |
7 | 91854 | 2.140 |
3 | 36233 | 2.130 |
5 | 53833 | 2.120 |
4 | 26314 | 2.110 |
Price($) | Vol. | No. |
---|---|---|
2.170 | 102595 | 4 |
2.180 | 123272 | 3 |
2.190 | 10602 | 1 |
2.200 | 161836 | 8 |
2.210 | 10602 | 1 |
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