@speculator101, Thanks for correcting me and you are right by clarifying above. I do apologize for my statement. Based on above calc they should have ~$18 million balance.
Having said that I have still doubts until we get Dec qtrly report. I believe Dec qtrly will provide much better picture as to how they are progressing- if there is even a hint that they can successfully ramp production to 100k ounces with AISC at ~ even $1200 this will go back to $1 in no time.
Thanks for correcting me.
BLK Price at posting:
54.0¢ Sentiment: None Disclosure: Not Held