Today's press release is quite bullish. The main points being multiple interested parties and the Ablation of the October stockpile starting next week. If contracts start rolling in later this year, BLR's 50% JV interest alone could have a Net Present Value of at least $50 million. That's just my opinion.
At 1.5c per share, the market cap of the company is $25.5 million. At 2.0c, the market cap would be $34 million. If Ablation works at commercial scale, then BLR's 90 million pounds of resource would be worth considerably more.
Even better, Ablation could really be coming on strong in 2015-16, the same time that BLR's Colorado assets could be approaching production AND, the same time that the long-term uranium price could be back above $70/lb.
BLR Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
