galileo, i agree with you. Time bomb and the plant was meant to be shut down 1 month ago but.....
wormy i am still holding a lot. sold 1% yesterday for sake of it.
at the current 3.6c x 740 m = 26.6 mill market cap.
roughtly 10 mill in cash = 16.6 mill for the coal and uranium assets.
lets leave out the uranium asset for argument sake. coal asset 130 million tons + 500, 000 tons that can be retrieve from tailings even this year and i suspect that there is no reason not renew the mining permit, then we have 130 mil x roughtly $100 per ton inground = 13 billion dollars + 500, 000 of tailings = 50 mill cash - expense - cost - everythign else
so if they are going to get the tailings out into cash then we will be sitting on significant cash backing soon . current is 40c cash backing per 1 dollar share
Time well tell whether my assumption is correct.
it is really good to have the coal asset in the current climate.
all the best holders.
BLR Price at posting:
3.2¢ Sentiment: LT Buy Disclosure: Held