Black Range Minerals is currently in the process of amending its current conditional use permit to allow for expansion of mineral exploration into the adjoining Hansen Ore Body.
A CUP decision in BLR's favor next week (Tuesday Nov 23), will see the beginning a Major uptrend in share price. With a current Market Cap: of just $23,608,552 it values BLR's in-ground U3O8 resource at just 23cents P/Lb. inclusive to $5Million Cash reserves, so in reality 18cents P/Lb. *** NOTE Current UxC U3O8 Long Term Price US$62.00P/Lb.
It's entirely feasible that within, 18 months to 24 months from next week Black Range Minerals will have a mine underway, and as you probably already know most of the money (share price appreciation) is made on the run up to actual mining.
BLR Price at posting:
3.2¢ Sentiment: None Disclosure: Held