blr - valuation , page-6

HI grant and mudguts et al,

i have going through a few individual companies presentation from the uranium conference recenty that BLR participated in. even though i wasn't present but most companies posted the presentation as an announcement.

Even though the valuation is important , believe the start up cost is another signiicant factor in the current climate.

I have also been musing over the numbers.

the Likes of ACB, BMN, AGS, ERA etc all have a capital cost of more than $200 million. Some are much higher
obviously they all have different opex - majority higher than $30 /lb and also different productions rates ranging from 2 million to 7-8 million pounds per year.

BLR capex is highly likely less than 80 mill and like what swiss is suggesting could even be closer to 50 million , this will certainly attract investors or shall i say large companies like cameco isn't it?

we need the PFS to prove it. i was a bit disappointed that that it will only come out in 4quarter, initially thought that it will be out around 3rd quarter.

what i can see from the presentation is that the ablation technology can help "BLR escape" from needing a mill. I am interested to know whether the other companies uranium deposit like ACB, BMN ,MEY etc are amenable to ablation. hehehehehhe just wondering.

any how the share price really is pathetic eventhough the company is making major progress. as usual, i like to be a contrarian, love the unloved and patiently waits........

BUC , i am guilty ;)