[/QUOTE]
I guess the results of the study will determine how much of a push it is to go to 200k Oz pa
Personally I would prefer BLK to go the expansion (if the economics stack up) rather than an acquisition over the next 2 years.
Agree that cash is great but some debt is OK. There is such a thing as a lazy balance sheet.
Ofcourse its all just speculation until we see the results of the expansion study, resource upgrades and maiden reserves statements over the next few months
As has been stated before.....Any future capital raising could be via debt or equity or a combination of both.? Each has its relative merits and perceived disadvantages imho
Having just received the Dec qtr production report I think all this speculation over a CR is a tad premature
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