Just did some quick calculations on solely BLRs Indicated 3.2Mill Lb. High Park component, excluding their main Taylor Ranch 80Mill+ Lb. Inferred Resource.
Based on Market Cap of current $31Mill Exclude the $11Mill Cash Delivers a true Market Cap on Tenements & Resources of just $20Mill.
**** Note Highest Jorc. classification is Indicated ****
If we only calculate BLRs High Park (Jorc Indicated Resource) of 3.2Mill Lbs we place a value of $6.25 P/Lb. (Based upon adjusted $20Mill Market Cap)
For the record its worth keeping in mind that based on DYLs current Market Cap, Deep Yellows 38Mill Lb Tubas Jorc. Indicated Resource is currently valued at $6.80 P/Lb. ______________________________________________
If we include all BLRs Indicated & Inferred Jorc. Resources of 89Mill Lbs we come up with a value of just 22.4cents Per Lb.
Market Cap $31Mill Less Cash $11Mill = Current Market Cap of $20Mill (excluding cash component)
Based on the above quick calculation, it shows that BLR is currently at .051, way undervalued to its peers. . . . Cheers to all PDN/DYL/BLR Longs :) . Long Term Holdings PDN AGS DYL BLR PNA SNU & TSX Listed MGA .
BLR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held