seemingly flawed jke valuation guidance

Interested if any other BLR holders feel a similar sentiment to the recent valuation of Hansen Taylor.


BLACK RANGE MINERALS INDEPENDENT VALUATION
by John Kyle Engineering, LLC



Below are my thoughts of the above valuation !


I am aware that 900ppm is the industry target ppm for progressing of a underground primarily Uranium mine, BUT are we not " BLR " as a planned focus going to utilize ABHM (Above ground Borehole Jet Mining Process), to which once designed to the Project will have significant cost reductions.


Also current Shareholders should be aware that this CURRENT valuation was calculated at TODAY'S current 6Year low Uranium price of as at April 30, 2014 of US$29.50 per lb. U3O8

Spot price currently at US$28.25



Sellers need IMO: to get a grip of this seemingly poorly timed Low ball valuation, & the dynamics of how the valuation was constructed.




WHY Also is there was no record on the Production Cost Savings of the Ablation Uranium Recovery process, within this valuation.




Again the above are My thoughts Only !

Cheers from G64:)