Macquarie Upgrade to ‘Outperform’ ..., page-9

Hi Spartan,
appreciate the kind words and I also respect your views.
Regarding BLK, I totally understand where you are coming from. As I mentioned, I think SAR has a few other options other than BLK, like CMM, EAR or perhaps GCY. All three have at least 1 project ready to develop and SARs team have proven themselves. I would much prefer SAR to take on any of the other stocks I mention.


I also agree, that if SAR was going to buy BLK, its about as cheap as it can get, yet they have not, so must have their eye on something else, or.... they really could just sit on their two mines and spit out dividends. I just have a gut feel that SAR is not done developing mines.

Sooner or later, the big end of town will have to make some moves, otherwise NST will own pretty much everything!