And adding to that, part re-post of another post: Enjoy again!...

And adding to that, part re-post of another post:

Enjoy again!

*****

Closest peer to BLK is MOY based on both being in Australia, both being producers, and both currently producing a similar amount of gold.

My first, short-term target for BLK is 11c which will mean BLK having the same EV as MOY - that should surely be a given.


From there, we will see what additional value the market/Insto's will give BLK over MOY due to:

- BLK targeting/on track to produce at least 5koz-10koz more gold in 2018 than MOY (BLK 80-90Koz vs MOY 75-80Koz)
- BLK targeting production costs which are $140/oz lower than MOY (BLK $1,150/oz vs MOY $1,290/oz) (BLK actuals in JAN-FEB 2018 are $255/oz lower than MOY)
- BLK targeted expansion will produce more than twice as much gold per annum than MOY (BLK 207koz pa vs MOY 100koz pa)
- BLK targeted expansion AISC are likely to be much lower than MOY (BLK $1,058 vs MOY still to release theirs)


And once the market does give BLK that deserved valuation which is higher than MOY/higher than a 11c share price on BLK due to the above points; then we can see how much of an additional valuation the market will give BLK due to:

- BLK having a 5 times bigger Gold Resource (BLK 6.5Moz vs MOY 1.3Moz)
- BLK having a 6.5 times bigger Gold Reserve (BLK 1.2Moz vs MOY 186Koz)
- BLK being able to add more resources via exploration in the last 15 months than what MOY has in total (BLK added 1.4Moz, MOY has 1.3Moz total)
- BLK currently drilling and likely to add resources which are again likely to increase BLK's resources by more than what MOY has in total??


And then there's the sneaky Nickel/Cobalt resource(s) that has an in-ground value of $15+ billion and which can easily be increased (can be spun-out - resource extends over 19km and is 30m deep!).


Oh yeah, also, no one has mentioned or given any value to BLK's Plant & Equipment - only worth a lazy $50m (half of the current market cap!).


Some food for thought indeed.

Should be some fun times ahead.

Cheers,

GB.