This Is End Game. Azarga are Agreeing In Principle., page-7

Bat,

The way I figure it, even if I buy BLR at .55 and the bid of ,6 gets taken in two months, that is ,05/,55 or about 9%. Assuming it takes 2 months to close, this is 9% x 6 = 54% annualised return. Plus it gets me into the next uranium producer with AZZ waiting in the wings to take out WUC.

When WUC goes into production, it will be valued at $4 or $5 per pound in situ. Energy fuels bought 19 million pounds of producer uranez for $150 million. This is $6.50 per pound. So even using $3 per pound with the BLR-WUC combination of 95m pounds, this is a market cap of about $290 million, or 5-6 times higher than BLR-WUC is today. Obviously this is very rough estimate but this is how BLR shareholders will get their lost money back. This deal is such a win for us BLR shareholders, I can not understand the negativity. I can not understand why shareholders would even hesitate one second on this.

Cait