Finally we can agree (on a fact no less) . . . . . Tony Simpson's departure was expedient. IMO Tony has been poached ( seductively/ willingly ?) to get the BLR project on the road, so to speak.
Somewhere along the road in the last couple of years, a few participants in the Uranium industry have seen fit to start permit applications, before they have a commercial size/grade resource. I think they call this . . . . . . . .
" Putting the cart before the horse "
I am not sure where the rationale for this endeavour has its origins . . . . . but it is a risky proposition for a company seeking finance or investors going forward, and I am very thankful that our previous MD, did not travel this road, to expediate a process that has stood the test of time.
Tetratek is the company BLR will use to oversee the permitting process, through to completion. They have a history of successful outcomes in the state of Colorado, with at least 4 new conventional uranium mines, being fully permitted in the last 3 years.
You would expect that one of Tony Simpsons first tasks after the PFS is released, would be to court the investment houses on the merits of our project. Maybe Leon Pretorius will also lend his expertise to the project at some time in the future, rather than just being a top 20 shareholder IMO. Who would have forseen a month ago that Tony Simpson was going to change brands?
Tetratek has historically taken 18 to 24 months from start to finish to fully permit a conventional uranium mine in the state of Colorado.
SwissB
BLR Price at posting:
1.8¢ Sentiment: LT Buy Disclosure: Held
