BLR 0.00% 0.2¢ black range minerals limited

anyone still holding blr no posters, page-13

  1. 440 Posts.
    galileo, i agree with you. Time bomb and the plant was meant to be shut down 1 month ago but.....


    wormy i am still holding a lot. sold 1% yesterday for sake of it.

    at the current 3.6c x 740 m = 26.6 mill market cap.

    roughtly 10 mill in cash = 16.6 mill for the coal and uranium assets.

    lets leave out the uranium asset for argument sake.
    coal asset 130 million tons + 500, 000 tons that can be retrieve from tailings even this year and i suspect that there is no reason not renew the mining permit, then we have
    130 mil x roughtly $100 per ton inground = 13 billion dollars +
    500, 000 of tailings = 50 mill cash - expense - cost - everythign else

    so if they are going to get the tailings out into cash then we will be sitting on significant cash backing soon . current is 40c cash backing per 1 dollar share

    Time well tell whether my assumption is correct.

    it is really good to have the coal asset in the current climate.

    all the best holders.
 
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