Options still with nearly nine months to run and trading at low 2's after recent 4 c's test. Production economics confirmed last Q (20.6 K Oz at AISC 1092 AUD). This company must have one of the largest resource (6.5 Moz) & reserves (1.2 Moz) basis for any goldie at these prices. Value at enterprise per reserve ounce is only ~ $80. That's at least half of the heavily discounted RSG (also huge upside in next 12 months). Its not hard to see this stock back in the high teens or low 20's on that basis alone. At 20 c the options will be at least 12 c or around 6 times recent prices. May of 2017 had this stock ~ 26cps..
BLK Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held
