MALOM...No i was not aware but even so , my concern is if they...

MALOM...No i was not aware but even so , my concern is if they open a conventional mine with the depths they need to go to , that the cost could be up over $60/lb....based on other reports i have seen....obviously when U was $132/lb, it wouldnt be a problem....this would mean that they would need higher U spot prices to achieve better operating margins....If U308 stays around current levels (which IMO I doubt based on demand) then the Scoping studies and Bank feasibility may not look attractive .....
Considering that BLR are due to release info on Scoping studies sometime in March , perhaps this is reflecting the current shareprice based on the smart money knowing more than us.....however i do agree that BLR management are a tight ship...interesting times for BLR ahead.....i also understand that the Colorado Govt although pro Uranium, tread very slowly when it comes to licencing and production approvals...all part of the game.....still like the look of BLR but its all about the cost to produce over the profit and return to shareholders....JAM