'Pity'?- the market is the market - someone posted that MH did a presentation in BHill- Could mean that they are down from 30Kft and out of their bunkers and doing some marketing of their projects- The Cu play in Wy is not yet understood for what it could be -got lost in the capital raising story + -ve market sentiment for commodities. The key point here is that Wy [Red Desert and Ferris-Haggerty Copper Deposit,] could start producing cashflow in middle term whereas Koonenberry,whilst possibly being a 'company maker' -is a much longer cycle ..probably planned for next price cycle ..and by then if commercial there will be other larger farm-in partners [or taken out ].. In summary BLR is a strange beast- it is not nearly as speculative as most other speccies in this end of junior sector -largely because of the inate conservatism of MH -but it is priced as if it were so... BLR in my opinion also suffers in the market for a number of other reasons, which in time with the getting of wisdom of the Directors,can and hopefully will be corrected..
BLR Price at posting:
0.0¢ Sentiment: None Disclosure: Held
