a little confused, what am i missing, page-2

HI cav1965

very good question.

even though i have been with BLR for quite a few years and done lots of research, i dont claim to know it well but here are my thoughts. Swissboy and others may be able to clarify things better. I tend to misread things sometimes.

1. BLR hasn't have very good coverage by any brokers /news lately. - I like this point, being a contrarian. so the share price tend to lag the group a bit

2. currently they have significant amount of uranium but they are going for conventional mining not ISL / ISR which is cheaper. that means that the margin for BLR could be lower relatively to companies like PEN , AGS or USA that can mine with in situ method.

3. nothing much has happened lately on the exploration front and news flow has been mediocre at best BUT a lot is happening behind the scenes. So again, BLR becomes "neglected" as it is not the popular company to follow. However, i see BLR as an ugly duckling waiting to become a white swan. Growth is painful usually and a painful process to wait out, which most of us old holders are feeling, well speaking for myself.
However, i have faith in the company and the team. they work differently and may not be liked by many but for contrarians, it could be a rare find.

The current market value does not reflect the company's actualy value. that is why it is a fantastic buy. By the time it reflects its true value , i think it is time to sell.

there is not much noise in BLR forum at this stage but things could change over the next 3 months - 6 months.

have a read....

http://www.taipaninvestor.com/uncategorized/how-you-can-rate-your-favorite-uranium-business

How You Can Rate Your Favorite Uranium Business

Numerous investors invested in the Fantastic Uranium Bull Market with tiny rationale behind their speculation. Over the robust rallies of the past two many years, it was easy to play the momentum of your newsletter writers recommendation. Very a few did so, frequently employing the greater fool strategy and hoping the last and dumbest buyer would offer an exit method for that early and nimble speculator.

We have produced a 7-point ratings program to help you in determining which businesses may well be best suited for your degree of purchase risk. Its a guideline you can use, and weve not assigned a weighting to each item. Nor have we named any uranium companies. This is a do-it-yourself ratings method, which needs but two actions on your component: (a) be persistent in your data-gathering from each business by asking the questions we posed below, and (b) be honest in your assessment when you review this information.

Some with the more speculative, pure exploration plays may abandon their qualities through the end with the year or in 2007. Those would include under-capitalized firms with the more speculative qualities and who also fare poorly on our ratings program. This ratings checklist would also apply for the pure specs. We began with our post, How to Choose a Uranium Stock, featuring Sprott Asset Management Market Strategist Kevin Bambrough and Senior Portfolio Manager Jean Francois Tardif, like a starting stage to produce a more advanced ratings system for you.

Uranium producers are likely to make a strong comeback as they cross over or switch to more lucrative long-term contracts. But, it could possibly be the smaller, but much more solid, uranium advancement firms which could emerge as the preferred investment vehicles, when the bull resumes the subsequent leg of its extended run. Now that we have had a shakeout, with possibly an additional one on the horizon, its wise to properly evaluate the important merits with the much more serious uranium development firms.

Beneath are some of the key criteria we are using in our ratings program to objectively evaluate uranium firms covered in our new book, Investing inside the Great Uranium Bull Market: A Practical Investors Guide to Uranium Stocks. Please determine if your preferred exploration and/or development company meets these standards. This really is one way of obtaining sufficient data to help you form a snapshot of the companys prospects.

1.Money Position. The more money a organization has in its treasury, the longer it can survive. Discover out if your preferred organization has a minimum of $20 million in cash. Much more than $30 million gives a company some breathing room. Exploration and advancement are very expensive propositions. Raising funds in a down industry is very tough.

2.National Instrument 43-101. This independent geological assessment determines how numerous pounds of uranium a companys property hosts. Whilst you can find flaws with this system, it could be a workable yardstick. Find out if your favorite company includes a minimal of 20 million pounds of your NI 43-101-compliant uranium resource. One must think about historical resources inadequate for evaluation purposes. They might also be misleading and open to hyperbole.

3.Pedigree of Known Deposits. Several of the uranium improvement firms keep qualities, which had been once held by the minerals or uranium divisions of main oil businesses. Some have been continuously held, throughout the 20-year bear industry in uranium by 1 business or another, and then abandoned through the nadir with the drought. Find out if your preferred uranium companys primary qualities had been continuously held until 2000 or a bit longer, but before the spot uranium marketplace reversed. The earlier a business acquired its properties, the greater the probability that organization got the greatest ones. Those who came into the game late generally got the crumbs.

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5.Pedigree of Uranium District. You can find a number of premier uranium districts, which have a history of large-scale uranium production: Athabasca, Australias Northern Territories or South Australia, Grants New Mexico, Wyoming, Kazakhstan, Niger, and Namibia. Locate out if your preferred organization has holdings in these districts. Some companies have holdings in multiple uranium districts, which may possibly also grow to be recognized being a wise choice by their management.

6.Managements Technical Knowledge. You can find three groups of uranium experience: exploration geologist, project geologist and mine operations. Discover out how very much experience your companys geological team has in every of those people 3 groups. Individuals with less than 100 man-years of uranium knowledge behind them may be lacking. Individuals businesses which have strength in all three categories could grow to be the following uranium producers.

7.Political or Environmental Danger of Major Assets. Finally, you should assess the risk with the companys main assets with regards to its location. Primary uranium assets in North America or Australias Northern Territories maintain the lowest danger. Individuals businesses exploring or developing in Niger, Namibia or Brazil have slightly higher political risk. Firms with prospects in countries for instance the Democratic Republic of Congo, Kazakhstan or Mongolia maintain a lot more danger than some investors may wish to tolerate. Areas which forbid mining for instance Queensland, Western Australia or the U.S. state of Virginia carry an enormous degree of threat and a Kierkegaardian leap of faith.

Now it is possible to rate your preferred uranium company and use this ratings method to assist you to sift with the a lot more than 300 possible stocks in which you may well have considered investing.