G'day R42, there is one small deposit that is worth owning that...

G'day R42,

there is one small deposit that is worth owning that is not 2nd derivative dirt inside BLR . the rest is rubbish. look at the grades of BLR compared to Sunday . It is actualLy embarrassing that i own BLR now after reading the WU release. The part that i am having a lot of trouble with is what the balance sheet will look like on 31 July when BLR has to file. it is my opinion that BLR is technically bankrupt. my basis of this comment is formulated by the April 2015 balance sheet minus the WU loan. No revenues, no capital, WU has possession of the BLR assets and ablation machine. vote no, we are kaput. vote yes, BLR shareholders survive. BLR has no money, no permits, no licenses, no mill capacity, nada. except 1 good property and a bunch of low grade dirt.

Cait