The next BLK, page-7

Idle, Shimmer is right. I hold ALOT of BLK too, but started buying MKO once the removal of EAR director was confirmed couple days ago. Picked up over 1 million personally. And when BLK gets to my initial partial sale target (60-75c) I will be buying more MKO (if I can, T20 hold over 90% of the stock as Shimmer stated).

As Shimmer said, hardly any funding required, actually none really since EAR is still standalone. The BW plant is ready to go. Here's an extract from a presentation in relation to the plant:

"Mine on Care and Maintenance - operation ceased in April 2013.
All plant and equipment regularly checked and operated.
Plant is well designed and in excellent condition.
Purchase includes a large inventory of critical spares.
Potential to start production within a few months.
Camp in very good condition and of a high standard."

So EAR will do a placement at some stage - shortly imo with new MD keen to make up for all the lost time under the previous management. Hopefully I Will get a look in on the placement as MD has a good relationship with my broker. EAR will do some work, confirm the resource (400-700k oz at 3-4 g/t my guess). Then merger will likely take place, which due to the aforementioned placement will be no drama since the former MD will be diluted out of the equation. It will be in best interest of both company's shareholders...MKO shareholders get a substantial highly economical resource, EAR shareholders get access to quick production with no infrustructure capex, other than basic mine development.

Meanwhile, MKO will not be idle. They will start to delineate better resources at their own grounds. But also, given the higher POG, nearby companies with now economical resources are beating down their door trying to get a lookin for toll treatment, especially now that part of the available capacity they know will be gone due to EAR eventual merger. Ie it will be first come, first served.

In my 20 years of investing in junior mining companies, I'm not sure I've seen a bigger nobrainer in the gold sector...maybe NST when it acquired Paulsens for a ridiculously low $40M, but other than that, can't think of a better gold story I've seen, as long as POG doesn't capitulate anyway.

Of course, people should DYOR.

Cdchi1