The Market Must be Asleep, I have looked over BLRs latest Taylor...

The Market Must be Asleep, I have looked over BLRs latest Taylor Ranch Resource Announcement and cannot understand why its been Sold down.
$$$$ 9.6 Bill$$$$ Inferred Resource currently being Ignored!!!! But Why ?????
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High grade resource base increased by 131% to 22 Million
pounds of U3O8 at 0.12% U3O8 (0.075%U3O8 cut-off)
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I have reposted the announcement for all to review.

SUBSTANTIAL RESOURCE UPGRADE
TAYLOR RANCH URANIUM PROJECT, USA
HIGHLIGHTS

Substantial upgrade to the Taylor Ranch Uranium Project
resource base

High grade resource base increased by 131% to 22
million pounds of U3O8 at 0.12% U3O8 (0.075%
U3O8 cut-off)

Global resource base increased by 72% to 80
million pounds of U3O8 at 0.027% U3O8 (0.01%
U3O8 cut-off)

Resource upgraded following completion of the inaugural
JORC resource calculations for the Boyer and North
Hansen Uranium Deposits.

Resource upgrade provides further confirmation of the
exceptional potential to develop a high grade mining
operation at the Taylor Ranch Uranium Project in the
near term Black Range Minerals Limited (ASX: BLR) is very pleased to announce a substantial upgrade to the Taylor Ranch Uranium Project resource base. Applying an exceptionally high cut-off grade of 0.075% (750ppm) U3O8, the high grade component of the JORC Code compliant resource base for the Taylor Ranch Uranium Project has been increased by 131% to: 8.4Mt at 0.12% U3O8 for 22.2 million pounds of U3O8 Applying a cut-off grade of 0.075% U3O8

The substantial resource upgrade follows the completion of
independent JORC Code compliant resource calculations for the recently discovered Boyer Uranium Deposit and the North Hansen Uranium Deposit at the Company’s 100% owned Taylor Ranch Uranium Project in Colorado, USA.

This resource upgrade provides the Company with further
confidence that it can implement its recently announced plans to develop a high grade, low tonnage mining operation at the Taylor Ranch Uranium Project in the near term.

The Company’s plans are to initially produce circa 15 million pounds of U3O8 from the Taylor Ranch Uranium Project by mining high grade ore during the first ten years of operation.

The Company’s USA-based exploration team is to be commended
for the discovery of the Boyer Uranium Deposit. This discovery, announced in September 2007, has added 24.5 million pounds of U3O8 to the Company’s global resource base, including more than 9 million pounds of U3O8 when applying an exceptionally high cut-off grade of 0.075% (750ppm) U3O8

In total, the global JORC Code compliant resource base for the Taylor Ranch Uranium Project has now also been increased by 72% to 132.8Mt at 0.027% U3O8 for 79.6 million pounds of U3O8 Applying a cut-off grade of 0.01% U3O8 or 36.9Mt at 0.059% U3O8 for 48.1 million pounds of U3O8 Applying a cut-off grade of 0.025% U3O8.

With such a large global resource base now defined the Company will re-assess its options for the staged development of a considerably larger scale mining operation at the Taylor Ranch Uranium Project, with a view to recovering considerably more contained metal.

Taylor Ranch Uranium Project
Background.

80 million pounds of U3O8 have now been delineated within
five uranium deposits at the Taylor Ranch Uranium Project (see Tables 1-3 for resource summaries).
Black Range Minerals Limited initially secured a 100% interest in 4300 acres at the Taylor Ranch Uranium Project in Colorado, USA in November 2006. It has subsequently increased its 100% interest in landholdings totaling 9500 acres.

Approximately 1,250 holes had been drilled on the project
previously, for more than 110,000 metres. The Company has had as many as four drilling rigs operating on the project
simultaneously since April 2007 as it has worked towards rapidly advancing the project to production.

A scoping study was commissioned in September 2007 to assess
development alternatives. Results continue to be very supportive for the near term, staged development of a high grade mining operation at the project.
The Company believes that the Taylor Ranch Uranium Project lies within a potentially world-class uranium district, in a jurisdiction within the USA that is particularly supportive of uranium exploration and development. It provides the Company with an exceptional growth opportunity.

The Company is well financed, with approximately $14.3 million.


Cheers :)

BASED ON BLRs CURRENT INFERRED INGROUND RESOURCE, I HAVE CURRENT RESOURCE VALUED AT AROUND 9.6BILL. CALCULATED AT PRESENT $95.00P/Lb.

For those Interested at looking at a current Open Pit Mining operation Then Take a Look at http://www.zinifex.com/what_we_do/centuryMine.aspx

Mining Operation Currently at Depths of 300 to 350Mtrs.
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