If we drop below 65 cents, we are gonna get the 52 - 54 cents
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BLK chart, page-47
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I think people need to focus on market cap rather than share price. BLK was oversold leading into Xmas and has now recovered. It has achieved commercial production however 75k - 100k oz per year should be used for valuation purposes and not 200,000 0z yet.
Market cap around $250m - $300m is probably the upper limits on a value based model.
If you focus on 10,000 oz per month with aud margin of $400 in 2017. That is 4m cashflow per month or $45m - $50m pa. That gives $300m.
$0.90 - $1.00 per share.
This may take 3 months to get to and will be affected by POG fluctuations. - There are more pages in this discussion • 568 more messages in this thread...
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