100 million pound u308, page-9

Very unlikely that BLR will ever amount to anything IMO.

It would have been a very marginal proposition even when the spot price of uranium was at it's highs, let alone now.

100M lb resource?? Sure, at 0.01% cut off.

It is too deep to be mined profitably via open cut methods at that grade, and too low grade to be mined insitu...it has pockets of higher grade within the orebody, but simply not enough for anyone to stump up the cash to build a mine.

Comparisons in any way of BLR to EXT are laughable...apart from EXT's initial resource being over fours times the grade in a far more uniform orebody, the resource has been delineated from only a small fraction of the Rossing South tenement, which continues to return assays with massive intersections at very high grades...the final resource could be enormous. EXT also has the luxury of having processing plants owned by one of it's existing major shareholders within very close proximity.

BLR has 100M lbs of low grade ore halfway to the centre of the Earth, and not much else....how exactly do you market that??