BLK has a lot of potential; market cap $10m - potential worth $94m
one coal tenement has $15m offer on it - easily worth 5 times that considering it's 60km to port and 10km to rail, comparing WEC's purchase of SOUTH AUSTRALIAN COAL LIMITED - the tenement worth at least $70m... this tenement is a ripper with over 1bt and mining licence.
400k/oz Gold Jorc from historic drilling - and a lot more to come, 40000 drill hole data still to review and they are looking to drill by this year - over 1m/oz gold not out of the question.
400k/oz x average explorers valued at $60 p/oz = $24m (with exploration upside) comparable coal sale = $70 total = $94m
