Agree, Looks like compelling buying for a swing trade to 10c plus resistance over next week or so.
BLK
80,000 oz production.
AISC worst case scenario $1,200/oz
Profit: $550/oz
So, $44 million free cash .... pretty darn impressive and a tiny market cap of $89million with what these guys have got in resources and equipment!!!
Net debt of $10.4 million at 31 March 2018
Struth, explorers without a mine and no cashflow etc get taken over for the sort of money that equals this mkt cap
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