Really interested in everyone's view so far. BLK seems to be...

Really interested in everyone's view so far.

BLK seems to be held back by not only POG but management credibility, high debt + balance sheet and past performance.

I think we can conservatively forecast $200/oz per annum. Which is gross profit of $16M.

If that is priced on 7.5x earnings that is $120M less debt of $32M. Market cap of $92M or 7.2 cents per share.

Currently trading on NTA of 60M.

Market does not seem to give upside on NTA based on debt or inability to raise money in the future.

Really interested to see Balance Sheet on Annual Report to see what liabilities are outstanding.

DYOR