Assuming they hit their target production, and costs are around guidance, at current market cap ($110 mill) BLK seems best speculative gold play on ASX at the moment IMO.
Good chance this time next year we'll be a 100k ounce producer with a strong margin of around $400-$500 an ounce being conservative.
Chart has had a good pullback from the high of 60c. I dare say we shoudl re-test that level as we look to break 48c very soon, Very bullish chart:
Assuming they hit their target production, and costs are around...
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