A bit of info with regard to Uranium and the potential upside.
From TheStreet.com
Cigar Lake was supposed to go into production in 2008 and produce as much as 18 million pounds of uranium a year; 18 million pounds -- that's more than a tenth of last year's total global demand of 171 million pounds. In 2008, uranium demand was already expected to exceed supply by 25 million pounds. With Cigar Lake out of commission, that gap will be 32 million pounds -- an increase of 30%.
"Losing Cigar Lake in the uranium world is like the oil market having to deal with the loss of Saudi Arabia," says Kevin Brambrough of Sprott Asset Management.
Its' starting to look reallly good for BLR on at least 2 fronts at the moment. The facts above and the following comment I think BLR will be re-rated very soon
Further most of the origional holders are still in Black Range which is a good sign imo.
all the best.
Xan
BLR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
