"With mine operating costs from the scoping study estimated at US$30/lb U3O8 at a production rate of 2Mlb U3O8 per annum, propels Black Range into an advanced and potential near term uranium producer."
"The current valuation afforded by the market to Black Range of just over $20 million against forecast project cash flows and margins given 2 million pound production rate is "skinny."
" If fellow U.S. and ASX listed peers such as, Peninsular Energy are any guide - with its market cap. of $112 million, there is significant potential upside in Black Range's valuation over the next 6 - 12 months as the Company moves onto the radar of investors in Australia and North America. "
"Listed uranium company prices are on the move, particularly in Canada. Black Range is also likely to be a beneficiary of this action."
"The latter has witnessed M&A activity given the strong long term fundamentals for uranium. This could also not be discounted for Black Range given the quality, scale and significance of its Taylor Ranch and Hansen project to the U.S. market."
BLR Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
