I'm flying to Casper, WY on Tuesday, Sept 10th. My meeting with...

I'm flying to Casper, WY on Tuesday, Sept 10th. My meeting with Ablation Technologies is on Wednesday morning. I will be spending half the day at Ablation's offices with Mike Haynes, Alex Molyneux, and a few of Alex's business contacts from Asia. We will of course get a demonstration of the 5tph unit, but also an update on plans for this semi-commercial scale unit going forward.

On another note, Black Range's share price has drifted back to 1.2 cents. I would be very careful selling at this price at this time. Don't sell simply because the excitement and trading volume has temporarily declined. Good news could come at any time. While a lengthy delay in proving up the 5tph unit wouldn't be good, fundamentally it wouldn't change the big picture story or the overall valuation.

Finally, there's recently been ample discussion about the water usage of Ablation and borehole mining. I will try to get an update on this very important topic on Wednesday. However, if Ablation is successful at commercial scale, it can be deployed globally.

Remember, Ablation is worth far more to Cameco, Rio, BHP, Paladin, Uranium One or Areva than it is to Black Range. Black Range is looking for development projects to deploy Ablation. A Cameco or RIO already have producing mines that could take Ablation units ASAP and funding would never be an issue.

Alex Molyneux is in BLR for the long-term. His recent activity in the uranium space speaks for itself. He has substantial capital backing him, not just through his private company Azarga Resources, but also from other sources in Asia. For long-term holders of BLR its been a difficult and frustrating time, but for Alex the story is just beginning.

Alex's long-term horizon means he's in no hurry to flip his investment for a quick profit. He strongly believes BLR is worth a multiple of the current valuation and he's prepared to grow hold his investment and exit only when his valuation target has been achieved.