I'm with David on this. Seen many models that assigned $6 to Measured, $3 to Indicated and $1 to Inferred JORC compliant resources. Some even assign $0.50 to the conceptual target for the blue sky miners.
The above is assuming a normal average cash cost to produce of around $25-35.
Since BLR is not a producer, then value can really only be assigned on the inground value. Since it is in the US in mining friendly state, things like sovereign risk can be discounted away.
Makes BLR an attractive stock to buy.
BLR Price at posting:
6.6¢ Sentiment: Buy Disclosure: Not Held
