in depth appraisal , page-18

Swissboy the $50 million I didn't factor in for the jv or SALE of Jonesville coal has been the hidden gem until now, that will provide the funding to get BLR over the line,help it acheive it's primary goals and seperates BLR from it's peers.

I consider the $50 million a conservative figure but that's my opinion only.
Once the Jonesville coal mines get's approval,the coal in the ground would have to be worth at least $1 per/tone or more, to an established mining company.
BLR has an estimated 150 million tonnes which brings the figure to $150 million however we'll work with the $50 million to keep the peace.

$5 million should automatically be used towards the purchase of the remainder 51% of Hansen,once of course Mr Haynes is convinced that the Uranium that once existed,hasn't miracously dissapeared.

The remainder $45 million could be used to develop the Uranium mine.
To put things into perspective, BLR may be able to develop a world class mine in the USA without a capital raising or outside finance.

So what happens once BLR becomes a Uranium producer.

Well the price investors value producers per pound/per share jumps to US$12.

I'll leave the mathematical equation to someone else to determine the future price of BLR per/share due the fact I don't wantt be pulled up for Ramping.