Take care when picking stocks based on resource and scoping studies. As far as I know, BLR has no measured status. The resource is currently infered or indicated which impies its not very accurate. Lots of companies rush into scoping studies and mine design only to fall over because the hadnt sured up the resource.
You cant just compare companies based on resource size and quality. You need to check how accurate the resource is. Drilling every 25m is better that ever 100m. Given the way U is situated in the ground, the grade can change significantly over a short distance so infill drilling will be worth wild.
they have 46mill pound at a 0.025% cut off. Anything else is too low. 80mill pound at a 0.01% cut off is too low. Also what is the depth compared to PDN. BLRs average of 350-400m is very deep for conventional mining which the company is considering. Therefore additional cost.
Do you know if PDNs resource was JORC measured because BLRs isnt.
I dont hold any stock. Ive been down rapping since 15c. I dont need to to drop the sp beacuse the market is doing a good job of that. Im just informing people on what I think of BLR. I have held in the past.
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