Yep, that makes sense. They had the latest broker report...

Yep, that makes sense. They had the latest broker report published on BLKs website. My guess is once the cap raising is done, they will increase their price target to about $1.50+, which will start to factor in the increased production profile from 2018 (my guess) onwards.

I also think that BLK have their eye on a couple of acquisitions and they are perhaps not willing to wait any longer. Nice to see the POG in AUD moving above $1760.