"there is only 40 million pounds in the deposits in total. as...

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buc

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17/08/15

14:28

Post #: 15819998
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Originally posted by cait11 ↑

Gday bruham,

let me get this straight. you will vote no if blr management gets ejected and competent managers replaced them? so haynes and his crew must go and a 40 year successful veteran like george glasier, who is competent, comes into the picture, and you will vote no?

Did i read this correctly?

blr does not own the 3rd largest uranium field in the US. it owns 24,5% of a series of deposits which when an industry related cutoff grade is used, or in other words, a realistic mine plan cut off grade, there is only 40 million pounds in the deposits in total. as per the scheme booklet, which i have read cover to cover.

as for how blr ended in the situation, again as per the scheme booklet and public releases, it is clear too much money was wasted at the ablation level (hence the reason the JV dissolved) and the permitting is very delayed. very delayed. very delayed.

i read your posts from janaury/february with a smile. very interesting. you are smart to vote yes. no one here has a plan B if a no vote is successful.

Cait

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"there is only 40 million pounds in the deposits in total. as per the scheme booklet"

"Only" 40 million pounds? At $1/lb = $40 million.

As BLR gets closer to a mining permit - $5/lb = $200 million

Lot's of room to move, even with further dilution, imo

BLR Price at posting: 0.3¢ Sentiment: None Disclosure: Held
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"there is only 40 million pounds in the deposits in total. as...

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