BLR 0.00% 0.2¢ black range minerals limited

trading halt, page-19

  1. 1,304 Posts.
    'The reason imo, is because the project can be fast tracked into production almost immediately. '

    Without pre-empting anything, I have to say this has been my thinking also. If BLR can get their hands on a UBHM/ablation-suitable permitted project, it could only be a matter of a few weeks until (at the very least, one 5tph ablation unit is earning its keep.)

    OR

    They've had an opportunity to buy another stockpile of ablatable ore?

    I can see no other logical acquisition for a cash-strapped minnow, than an opportunity to generate cash-flow immediately. Clearly it would be madness to buy another 'long-road to development' project.
 
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