As all current BLR holders would know, this Announcement regarding Ablation Unit Construction was released on January 22nd 2013.
" Construction of an initial semi-commercial scale Ablation processing plant advancing well and scheduled for completion in April 2013. "
That being the case one would tend to suggest that Construction should be completed as per previous Company announcement, by the end of April ( Total Construction period being approximately give or take 14 Weeks )
From Tues Jan 22 - to current Today, Friday March 8 Construction period is ( nearing 7 Weeks ).
Got That !
So lets say construction had already begun prior to announcement (conservatively 1 Week)
That puts the first Unit in the current construction stage of approx, ( 8+ Weeks )
Got That !
With the above assumption one would assume that we are nearing 60% completion of the initial semi-commercial scale Ablation Recovery Unit.
Got That !
Putting pictures into words, current construction progress I would assume, would currently look similar to this :)
near 60% Complete
P.S. My musings only DYOR !
Cheers :)
It was good to see a slight U3O8 March 2013 futures increase overnight up 25c to $42.40P/Lb
.
.
BLR Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
