in depth appraisal , page-10

Section of an article from The Sydney Morning Herald






'The offer represents an effective $US10.26 a pound for the uranium resource that Mantra has outlined at its flagship Mkuju River uranium property in southern Tanzania. That compares with the average of $US12 a pound investors have been paying for established uranium producers but is up substantially on the $US2 a pound average being paid for explorers and would-be developers like Mantra'.





Once the additional 51% is snapped up where does that leave BLR?

100 000 000 pounds x $US10.26 = $US 1 026 000 000


$US 1 026 000 000 divided by 650 000 000 shares = US$1.57 PER/SHARE

Am I keeping it real?