'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.
BLR Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held