Although they are both involved with uranium, I don't see much point in comparing BLR to PEN. They are different companies with very different assets and at different stages of development.
Further, for all its price sensitive announcements, PEN is also struggling. Announcements at the moment will fall on deaf ears.
BLR's intrinsic worth has not changed and I believe it will have its day again, but you will have to be a little bit patient -- although I hope not too patient. The world, particularly the developing world, will still need more and more uranium.
If a couple of other things come good in the near future, as it is looking like they might, I will certainly be taking advantage of the artifically low price.
BLR Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
