how times change

Its amazing our markets can change.

Let's back track 4-5 months:

BLR states Taylor Ranch may have 15-20m pounds of uranium. Mkt Cap hits $138m (but had been much higher). Even as I write, Mkt Cap remains $90/$95m.

MTN apparently have a resource of approx 45m pounds. Mkt Cap remains $214m

ROY however states its EGNAR deposits - which are in the same area as BLR - also contains around 20m pounds of uranium.

Mkt Cap? Stubbornly unmoved at $18m (and having actually retreating from $30m).

Now, of course, "times" have changed at the speculative end but BLR is still trading at a much higher Mkt Cap.

ROY needs to get busy "interesting" the market in their story as it remains mis-priced relative to others.

Of course, "firming" up the resource estimates will no doubt help.

I suspect we will need to wait until that happens before the share price moves back to 50c.

Coop