peer valuations, page-8

$4.3 million peanuts?

Not peanuts to Black Range!

MOST mining juniors would not consider $4.3 million to be peanuts....

Most juniors could NOT raise $4.3 million in this market.....

Alex had looked at many other cheap, oversold uranium companies and found BLR to be the cheapest and best opportunity. The fact that Alex got an excellent entry point is not the point, he could have gotten excellent entry points in other names, but he chose BLR.

Alex is smart and patient money, he knows what he's doing. He's committed to BLR. Like me, he thinks BLR + the 50% interest in the BLR/Ablation JV, is ultimately worth north of $100 million.

Heavy volume (8 million shares) traded on 7/16/13. Word is spreading...