Swissboy - you'll note in my second post I actually went on to...

Swissboy - you'll note in my second post I actually went on to try and work out how many shares it would be, based on the letter of intent.

If you don't want to include those shares up to exercising the option, then you cannot say BLR has the 100m lbs of uranium, as that would be incorrect. If the option is not exercised, then the uranium still belongs to STB (or their portion of it). If you want to say BLR has 100m lbs of uranium, then you need to include the number of shares for taking up that option in the total.

Not entering the arguement over which company is better. Just wanting to correct the comparisons used in the above examples.

I beleive if the option were not to be exercised, then BLR would only have around 60m lbs of uranium, but open to correction on that if someone has a more accurate figure.