Hi Vasilly and Grant, M.H. has some very competent people working on the mine permit and is quitely confident. Whilst it is difficult to put a timeframe on this, and M.H. is hoping for success in late 2009, I feel it could be a fair way down the track due to the scrutiny of all the environmental issues surrounding this contentious development. I live in hope, and agree with your sentiments Grant, that this stock at these levels is a bargain. I have been accumulating with the view that uranium's day in the sun will return with avengence. When it does BLR will be a lot closer to production, regardless of who forms the new U.S. government. We must keep in mind they still have about $9m in the bank and are being very prudent in their expenditure so may not need to go to the market for funds in the short term. BLR may be looking at other value adding options as well. Regards, Stumpjump.
BLR Price at posting:
2.8¢ Sentiment: ST Buy Disclosure: Held
