"BLR's - Taylor Ranch (TR) Prospect (N.W. TR 10-15 Mil lbs TARGET).."
========================================
Well what's that worth in a financial sense.
Given Uranerz takes 50% if the target exists then consider this:-
BLR Mkt Cap = $115m
Normal risk valuation methods would require such a co. to generate $17m profit over a project life of 20 years.
That's $340m and not much different to the inground value of the targeted U and current prices (not allowing for any setup costs or tax or exchange rate risk attached to the USD).
I know, no allowance for that 100 year old copper mine and Koonberry. Still, all this is a long way off and there'll be alot of capital required in the meantime. At the moment it's an each way bet that will be driven purely by technical trading and the PR machine. Needs alot more confirmation of resource potential to get my dollars back in (not likely in this market).
- Forums
- ASX - By Stock
- BLR
- some financial realities
some financial realities
-
-
- There are more pages in this discussion • 111 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BLR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online