OK PP, I hear you - so what do BLR have to justify there A$20m...

OK PP, I hear you - so what do BLR have to justify there A$20m market cap?

- A$4m approx in cash
- 90m lbs of U3O8 at 0.06%
- Ablation technology
- supportive well connected cornerstone shareholder

so some cash, a good size ok grade resource, and the upside from a potentially revolutionary technology for exploiting resources that otherwise are uneconomic or marginal operations.

I'd say that easily justifies a A$20m market cap. Doesn't mean BLR will definitely execute their plans and succeed but its in a good position to have a crack.