Quite simple really BLK was hugely oversold for that announcement - An AISC of $912.00 for Feb was not expected the price has adjusted accordingly - Its still well under 100k per annum production - the 6.1 million resource is the rocket fuel this stock has that others don't (whether they can get it all out is another story) it has always been the case - BLK is now a similar mkt cap to DRM with a similar production profile and AISC but with a much much larger resource- The gap down from 0.10c to 0.081c has been partially filled and a gap that starts to fill usually does -This announcement has only so many legs and at 0.10c the mkt cap will be 130 million not taking into account options so its what happens next that will determine the price direction of BLK and with Jim M as investor relations manager the announcements will flow and be perfectly timed which is a good thing.really for BLK holders however its the quarterly's that will keep it real.
BLK Price at posting:
8.1¢ Sentiment: Sell Disclosure: Not Held
