big brother is coming , page-8

asx360, while SB is deliberating your question may I say something.

Stock market investing is risky and the biggest area of risk is exploratory mining.

There are so many things to go wrong and a few positive surprises as well. I'm not sure of the actual percentages but failure rates in the first 5 years of exploration are near 60%.

Lot's of things to go astray.

Also what starts out as one enterprise can end up as something totally different. So where BLR ends up and what it ends up as is speculation. When did a uranium prospector pick up a coal mine?

To value this company there really needs to be some form of commercial reserve, a completed feasibility study, mining permits and mine development funding all in place.

Then ongoing reserve increases can affect the sp enormously.

So here we are with soon 700million shares, a coal mine, potentially the largest uranium holding in the US, a big UO neighbour with hungry eyes, a globe increasingly looking to nuclear electrical generation and a miserly MC of $40m.

At it's best the earning potential is breathtaking at it's worst a ripe takeover target.

If your happy with 18 cents then anything over is gravy, true?

Your gonna get lots of gravy IMHO.