Fully agree that at these prices BLK is dirt cheap. There is a resource of 5 M oz. If you hedged 10% of this @ $1650 AUD. Profit of $400 AUD/oz. That is 200M which is 50M more than current market cap. there is around 30m in debt, but all in all you are free carried on 4.5M oz of gold. Assuming that production holds up on stage 1, why wouldnt someone comein and take it over. You could probably get most holders to accept @ 75 cents.
BLK Price at posting:
54.0¢ Sentiment: Buy Disclosure: Not Held