World population is over 7 billion. Conservative estimates say we will hit 8 billion by 2020.
China is set to become the world's largest economy within the decade. India is also coming online in the near future, with a boom predicted to eclipse that of China. Fact.
Both these developing countries will be starving for energy. Fossil fuels are no longer viable forms of power to meet the intensive demand surge. Not with global warming and carbon legislation taking effect around the globe. Nuclear power offers exceptional returns and economies of scale. Uranium is still king, even if the market fails to recognise it at present.
Furthermore, nuclear regulation and oversight has never been more onerous or stringent in the wake of Fukushima. Nuclear power will continue to be under the microscope. Everyone is so wary of it that another disaster would be highly unlikely.
The math is simple. More population means more energy demand. China and India will grow and emerge to become the world's largest economies. Together they will dominate global GDP. Power is essential. Nuclear energy is most cost-effective for them.
If it wasn't for Fukushima, consider how uranium prices would have trended upwards. The aftermath of the disaster offers a very rare chance to get in at bargain basement levels and leverage up on the inevitable uranium recovery.
With BLR you are getting a very large and high grade deposit in the United States homeland. Unlike other uranium plays (African explorers come to mind) you could not possibly have a more secure country to operate in. America isn't like leftist Europe pushing for alternative energy. Americans want energy and they want it now. Energy security and independence is very important to the US as a superpower state.
You too can get exposure for less than a cent. Azarga Resources saw this opportunity. Value in the ground can only increase from this point onwards. They bought a 19.9% stake because now is the absolute ideal time to buy, when the market is still fearful of uranium.
Have you ever looked at the chart of a company doing well and thought to yourself: "I wish I got in early at those low levels"?. Now is your chance. Do your own research. Look at peer-reviewed scientific journals that forecast global energy requirements.
JORC Resource 90.9mlbs U3O8 @ 600ppm!
BLR Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
