peer valuations, page-6

4.3 million is peanuts ......relative peanuts.

As a company approaches development ....after years of funds being raised along comes a group and buys the "sunken costs" for less than 10cents in the dollar.

Hey if I had that excess capital I'd do likewise.

The commodity cycle is due to bottom (I'm told) ...so over the next few years we may well have exuberance out of proportion with reality in BLR amongst other small mining companies.