Latest Canaccord Report - $0.95 target, page-40

At a market cap of 123 mill and around 6 million ounces in resources this is certainly cheap! If it hits commercial production soon then this stock is a sitting duck for a takeover. With gold explorations budgets slashed and the absents of million dollar ounce finds the mid tiers and big boys will find it cheaper to take over quality juniors. I would say the rulers have been run and the pencil are primed for a bout of M&A with BLK sitting high on the list.