No doubt, BLR will need to raise new funds, but so will WUC, sometime in the near future.
WUC also need Ablation to make the Sunday Complex viable.
In my opinion only, BLR holders will be better off raising capital now to keep full control of Hansen/Taylor (3rd highset high grade uranium resource in the USA), also keep full control of Ablation technology, and sit out the uranium slump until the uranium price recovers.
Recovery expected 2015 with the Japanes restarts in June
It doesn't make business sense to sell Hansen/Tayor at the bottom of the cycle, below 10c per/lb, when all our peers in the industry are valued at $1 per/lb and obove, IMO.
BLR Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
