sentiment turning point, page-18

Let's not get too overheated about the JORC resource.

For starters, the JORC highlights "New JORC-compliant resources totalling 46.1 million pounds of U3O8"

Yet, this is at a cut-off grade of 0.01% U3O8.

Under this is the more appropriate number: 29.2 million pounds of U3O8 at 0.025% U3O8 cut off.

The viability of either of these numbers is yet to be determined - through appropriate studies. However any potential future mining reserves will be closer to the later.

These numbers are in the JORC Inferred category - of lowest confidence. This indicates there is substantial amount of work to complete before a decision to mine can be made.

$18m in the bank? Good - they're going to need it to fund the next 12 - 18 months drilling.

Stick to core U assets - divest the others (yes, Ferris-Haggerty as well) BLR neither has the man power nor the funds to pursue both.