why it is a good investment.

HI ALL,

Here's a little summary of BLR at this stage ( A LOT FROM GRANT54T). Still a speculative stock and thats what make it very very exciting. The ablation technology is a wild card. This card is priceless = dont know how to value it yet.= $$$???

Buc, how we wish we can see the future and bought more then isn't it?
Towie, i am in the same boat with the options 4.5 c


All the best to all holders.

Why Investment in Black Range is a Compelling Proposition
AGM nov 2012

1. Very large resource base, on a global basis (90.9m lbs U3O8).
2. Relatively high-grade resource base (600ppm or 0.06% U3O8).
3. Low capital and operating cost development path (<$80m and ~$30/lb U3O8 respectively). COULD BE CHEAPER NOW THAT ABLATION IS LOOKING MORE AND MORE PROMISING.

4. Project located in a pro-uranium-mining jurisdiction (Colorado, USA).
5. BLR share price very low on a peer comparison basis (~$0.10/lb U3O8 vs peer average of ~$1.14/lb U3O8).
6. Global supply-demand outlook for uranium anticipates near-medium term appreciation in the uranium price. M+A HAPPENS AROUND BOTTOM? EG RUSSIANS BUYING OUT URANIUM ONE.

7. BLR share price historically closely correlated with U3O8 price, providing excellent leverage to uranium price upside.
8. Opportunity to be producing uranium as early as H2 2013, by commercialising Ablation. -SEE NOTE 1 BY GRANT64T POST + RECENT RECENT ANNOUNCEMENT. SEMICOMMERCIAL 5T/HOUR. VERSATILE AND YET IF EASILY REPRODUCIBLE, 5T X 4 TRUCKS = 20 T/HOUR

9. BLR targeting receipt of all permits required to mine the Hansen Deposit in 2015, which should afford further share price re-rating.

10. Concerted marketing program planned to realise shareholder value.

WHO IS GOING TO DO THIS? (ALSO FUNDING ISSUES IS MUCH LESS OF A PROBLEM)

"Azarga intends providing ongoing marketing and financial support to the Company. It has agreed to introduce Black Range to its extensive global network of institutional and private investors to help realise the considerable value of the Company’s assets."
Mr Alexander Molyneux

PROFILE

Mr Molyneux recently left SouthGobi Resources Limited where he was President, Chief Executive Officer and a Director from 2009 to 2012. Mr. Molyneux has also served as a Non-Executive Director of Ivanhoe Energy Inc. since mid-2010. Celsius Managing Director Grant Thomas said that the appointment of Mr Molyneux well positions the Company to advance its main projects in Kyrgyzstan and pursue new projects in the region.

“Under his leadership, SouthGobi grew to become the largest foreign operator in Mongolia's coal sector. He was also instrumental in SouthGobi completing a sovereign wealth fund financing and main board listings on the Toronto Stock Exchange and then subsequently Hong Kong Stock Exchange. Clearly,

Prior to joining SouthGobi Mr. Molyneux was Managing Director, Head of Metals & Mining Investment Banking, Asia Pacific, with Citigroup. In his position as a specialist resources investment banker he spent approximately 10 years providing advice and investment banking services to mining and industrial corporations.


NOTE 1

"posted in nov 2012 by grant64t

It's been a while since there's been some Research driven posting within this BLR Forum, so I thought there's no better time than just prior to tomorrows AGM, to share some info, gathered from my previous number of phone discussions with Ablation Technologies, LLC Wyoming U.S.A.


I hope this posting shed some light into just how good this new Uranium separation process technology actually is, & to just how central it is to Black Range Minerals becoming a uranium Producer.





I'm happy to give you this overview of ablation, a brief history of their development of the technology, a summary of how and why it works, and, with that in mind, why we all should feel that it is a game changing technology for uranium recovery.

I hope that this will answer new & old BLR holders many questions that have still to be answered by Mike Haynes & the BLR Management team.

Ablation is a technology that has been developed over the last half-decade as a way to more efficiently process ores from a range of deposits. The key idea is that, in almost all ores, be it uranium, gold or some other mineral or metal, the target fraction is a small and discrete fraction of the overall ore. It was realized that if these fractions could be separated from each other, then only the target fraction, and not the whole ore, would have to be processed to recover the element or mineral of interest. The system that has been developed to accomplish this is the ablation system. It uses only water and the ore itself to separate the various fractions of an ore from each other.

As Black Range's press release states, the system works by combining the ore with water to form a slurry. This slurry is then pumped through opposing nozzles to create a high energy impact zone. In this zone, enough energy is imparted to mechanically separate the various fractions of the ore - the uranium bearing and the barren - from each other. Once these fractions are separated from each other, the uranium bearing fraction can be isolated from the barren fractions mechanically rather than chemically.

Because of the way most uranium deposits, and especially sandstone hosted uranium deposits, are formed, the uranium is found in a mineralized patina coating the individual grains in the sandstone - the grains themselves are barren quartz's and feldspar's. This leaves these ores especially amenable to recovery by ablation because ablation separates the patina from the underlying grain. Without the underlying grain, it disintegrates into a very fine powder that we term "fines." With the grains and the patina separated, and the patina turned into the fines, the grains can be removed as a barren fraction by screening.

Because the grains account for 90% or more of the total material in most sandstone hosted ores, removing them significantly reduces the volume of ore than has to be transported, milled or otherwise processed to recover the uranium.

Without ablation, operators have to chemically process 100% of the ore to recover the uranium - with ablation, they can process 10% of the ore to achieve the same recovery rates. This reduction translates into a very significant cost savings as well as environmental and permitting benefits to the mine operator.

The first major cost savings occurs because ablation makes it possible to very quickly remove the barren grains prior to transportation, milling or other recovery operations. Ablating most ores, such as Black Range's Hansen ore, takes about 5 minutes.

In operation, the ablation system would be at the point of mining. This means that within 5 minutes, at the rate of production, 90% of the material - the grains - could be separated from the uranium bearing fines and left at the mine site. They are never transported and they do not have to be re-mediated. At the same time, because the uranium is captured in the fines, which make only about 10% of the ore after ablation, operators can now afford to ship the fines to an offsite mill, eliminating the need for the most costly and most permit intensive parts of most uranium projects, the heap leaching circuit and the mill.

In addition, because only the fines concentrate has to be processed, reagent costs, milling costs and disposal costs are all reduced dramatically. Alone, the cumulative effect of these savings can be very significant.

The second reason Ablation Technology, can be game changing for uranium relates closely to the first. If uranium projects have to have an onsite heap leaching circuit and mill to recover the uranium from the deposit, as they do without ablation, then there has to be a enough uranium in the deposit to justify the expense of building and permitting the leaching pads, tailings ponds and the mill. If, however, ablation can make it economical to ship the fines concentrate to an offsite mill, and thereby avoid the cost and time necessary to build and permit the leaching / milling circuit, then numerous small deposits can be economically developed.

In Wyoming, in the Shirley Basin alone, there are more than a thousand identified deposits, each individually too small to develop without an economic way to transport the concentrate to an offsite mill. Ablation makes that possible.

The third reason that I feel that this system is a game changing technology is that the system uses only water. By using only water, a number of the most significant environmental risks associated with conventional uranium mining operations are minimized or eliminated.

In addition, remediation costs are minimized in two ways. First, by reducing by as much as 90% the volume of material that has to be milled, you are also reducing mill tailings, which have to be stored or re mediated, by that volume. And second, by eliminating the use of reagents on 90% of the ore, the remediation costs on this fraction are effectively eliminated.

Using water, also reduces significantly reagent usage costs as only 10% of the ore, not 100% as with conventional mining, has to be treated chemically to recover the uranium (and this treatment is done at the mill, not at the project site). Coupled with this is the reduction in permitting costs - for example, if you don't have mill tailings, then you don't have to permit the containment ponds.

But the most important reason is that the cumulative effect of these benefits is to reduce significantly the recovery cost per pound of uranium. The ablation system is an inexpensive piece of equipment to operate. Couple that with the savings to the operator in transpiration, milling, tailings, permitting, remediation, reagent use and so forth, and ablation makes it possible to develop deposits much more economically than with conventional surface, underground or ISR operation.

This has a dual effect. First, it increases the margin on already economic deposits and, second, it shifts a number of marginal deposits to clearly economic. And, within a deposit, by reducing the recovery cost, the grade of ore from which uranium can be economically recovered decreases thereby increasing economically min-able reserves within that deposit.

Fundamentally, ablation is a technology that Eric Coates & his team, have devoted everything to developing for the last half decade, & strongly believe in the technology, & seeing it as a technology, that is beneficial for the producer because of the cost, and almost as important to environmental concerns (which translate into regulation, cost and resource) benefits, which are also viewed favorably by regulators.

I hope this answers your questions about ablation. If not, let me know and I will do my best to answer any other questions you might have.


Eric Coates Executive Vice President, Ablation Technologies, kindly offered to demonstrate the technology to me, and show what it can achieve. Unfortunately due to distance to the US, & impact that the current BLR share price has had on my finances, I have declined.



I PERSONALLY BELIEVE
( ONE OF THE KEY ATTRIBUTES OF ABLATION URANIUM RECOVERY IS THE IMMENSE BENEFITS TO ENVIRONMENTAL CONCERNS )




Cheers from Grant :)


P.S. If there's anyone attending Tomorrows BLR AGM Meeting, feel free to share the above info."



CHARTS
- new uptrend, RSI weekly looking good, MACD, OBV all looking good.

Time well tell. May all the dinosaurs holders be rewards and so as the new :)