. BHP have to drill further and mine or risk losing the deal, since a change of Govt may only honour existing mines
. BHP has very large proven reserves
. BLZ land runs into BHP reserves at a number of angles (there will certainly be U there)
. How much we don't know exactly but a lot more than 1c a share's worth (look at geo map)
. It's all on the surface
. Take-out has to be a reasonable chance
Presuming that management is waiting for further BHP results, which is wise at this stage; even if management doesn't inspire much confidenc otherwise.
This is not an MAU but patience may pay.
Cheers
BLZ Price at posting:
1.0¢ Sentiment: ST Buy Disclosure: Not Held