the age report

I assume most saw this snippet from Barry FizGerald but just in case...but mining seems a little of Leon's radar so !! But something is afoot for sure!!!!

"Blazing glory
GARIMPEIRO has always had a fondness for companies with tiny market capitalisations. Melbourne investor and recently retired Circadian Technologies managing director, Leon Serry, puts his fondness for the tiny sector into action, as was reflected in his recent move onto the share register of Blaze International.

Serry's Traders Macquarie has put its hand up as the owner of 6.42% of the Perth-based Blaze, which had a last sale price of 1.2¢ a share, giving it the not so grand market capitalisation of $4.38 million. For that, investors get ownership of things called PIXE and Kemelon. The first is a pre-compression filter and the second a multi-media messaging platform, whatever that means. They are loss-makers struggling to get commercial acceptance.

Fortunately for Blaze, its remaining asset, its Yeelirrie uranium project, has just got a whole lot more interesting thanks to the defeat of the anti-uranium mining Labor government in Western Australia. The project surrounds the real Yeelirrie, BHP Billiton's 50,000-tonne uranium deposit that has been in a deep sleep since the early 1980s, waiting for politics to swing its way."

BHP will now be dusting off development plans for the deposit, which has an in-situ value of more than $8 billion. Blaze's project consists of a tenement package that all but surrounds BHP's deposit. Some preliminary work has given Blaze good reason for encouragement.