Yes your right Tibbs, sorry for not correcting that. But as...

Yes your right Tibbs, sorry for not correcting that. But as we've spoken of before; Uranerz called the shots on the ground they allowed BLR onto. Their initial reasoning as stated clearly to their shareholders was that they wanted to keep the most prospective ground for themselves and hive off the more risky stuff. They may have made a mistake but who knows.

Either way, lets say BLR have 20 or 30 million lbs of uranium all to themselves (still totally not known). What's the mine life, what's the forward sales price, what's the setup costs, what's the operating cost, what's the exchange rate risk and most importantly what's the IRR that gives a $115m market cap? None of us know that just yet, but we might get more clues soon.

I'm throwing questions out there to help us all understand the value equations better. One or two seem to get very threatened by this (not you), but HC always was the 'wild one'.