Market definitely does not care about hedge.Mkt Cap less than...

Market definitely does not care about hedge.

Mkt Cap less than $60M. That is 300,000 oz @ $200 profit per oz.

That is 4 years production.

Market must think that BLK will run out of money and/or not be able to produce that.

Devil is going to be in the detail of the financials.

If the grade is low going forward then AISC will blow out and margin may be reduced.

It will be interesting to see what the balance sheet looks like.

I wonder if all unsecured creditors are up to date.

If Balance sheet is clean and all current creditors are paid, then this could be very cheap here.

Could it be cashflow, perception or grade that is holding this stock back.

Maybe just management. No one will trust BD and there may be safer options there such as DCN.

Time will Tell.

DYOR.