BLR have proposed to develop the Boyer deposit and has allowed...

BLR have proposed to develop the Boyer deposit and has allowed for a conservative 2.2M lb of U3O8/yr for 8 years at a production cost of US$34/lb.
Capital cost will be around US$60M
Therefore, when uranium is US$150/lb in 2 years, that will be a profit in the area of US$250M/yr, not including capital payback which will be a share issue. And as I mentioned, the Boyer deposit is just to kick them off.
I anticipate a capital raising will take the share count up to 1,200M shares. With more than double to triple the inferred uranium in the coffers and exploration and production expansion a definite, I'm smiling like a cat with a YELLOW canary in its mouth.