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BLZ - Blaze Minerals

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YOUNG_TRADER

YOUNG_TRADER

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Hi guys, a very spec U-play brought to my attention by TheAbyss
Has recently announced that it will takeover Yeelirrie Uranium a company that has Uranium grounds completely surrounding BHP's Yeelirrie deposit


BLZ

Mkt Structure

Shares
370m
210m 10c 30/6/07
115m unlisted opies

So sub 10c fully dilluted Current Issued Capital = 370m (this includes the yet to be issued shares for takeover of Yeelirrie Uranium)

Mkt Cap @ 3c = $11m Current
Mkt Cap @ 4c = $15m
Mkt Cap @ 5c = $18.5m
Mkt Cap @ 6c = $22m
Mkt Cap @ 7c = $26m
Mkt Cap @ 8c = $30m Target
Mkt Cap @ 9c = $33m
Mkt Cap @ 10c =$70m (But will get $32.5m cash from the options)


Cash
Unsure at the moment


Projects

Yeelirrie Uranium, 100%, W.A.
Is taking over Yeelirrie Minerals, whos Uranium porjects completely surround BHP's Yeelirrie deposit bar a few minor pockets held my ENR

Very Very high SPEC Appeal!

As a comparison

ENR with 60m shares @ 50c = $30m
Now BLZ will have a much much larger land holding surrounding BHP's Yeelirrie, about 4x from what I can see from the Map, so at the least I would expect a minimum mkt cap of $30m = 8c BLZ!



Not one to ignore, my experience with these small spec U companies that have grounds in Elephant country ie GSE in Qld near Mary Katheleen (Doesn't even compare to BLZ imo) is that they suddenly surge and surge hard!
 
Heres a pic of BLZ U-grounds completely surrounding BHP's Yeelirrie, hope it works.
 

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Success! :D It worked!!!!


Umm the legend is a little hard to see but basically

The pinky brown is BLZ's grounds

The clear white is BHP's

And finally the white with dots is ENR's

Hopefully this shows just why I am so bullish on BLZ

p.s.

The dark brown is the "Mapped Calcrete

and the Blue Dotted line is "Yeelirrie Valley"
 
Looks pretty cheap: Some others with tenaments only have much larger market caps. Any idea what Blaze was before this? Not a dot.com I hope. :) LOL.
 
YOUNG_TRADER said:
Heres a pic of BLZ U-grounds completely surrounding BHP's Yeelirrie, hope it works
Click to expand...

I looked at this one several days ago and in my humble opinion it looks like a dud. Blaze is away from the paleochannel and they might as well be on the moon. IF they were upstream or downstream on the paleochannel it would very different, at least they would have the opportunity to look for targets. What will they look for away from the channel? no one wants dirt.
 
BLZ was some sort of electronics and tech company and still is I think, I was going to dismiss the comapny but then remember how I scoffed at and dismissed SRK when it was 2c only to see that today it is $2.40

Sydney, I wouldn't be so sure, as can be seem from the map, parts of the Calcrete branch off and the actuall valley is wider than BHP's tenements,

Anyway a U-Company with grounds that surround the worlds largest CALCRETE DEPOSIT surely commands more than a $11m mkt cap given current U-mania
 
sydneysider said:
I looked at this one several days ago and in my humble opinion it looks like a dud. Blaze is away from the paleochannel and they might as well be on the moon. IF they were upstream or downstream on the paleochannel it would very different, at least they would have the opportunity to look for targets. What will they look for away from the channel? no one wants dirt.
Click to expand...
I think you're mostly right from the map provided, but they do have some slithers which cross over. In addition I think they do have some of the prospective parts of the valley to the north west and to the south. The map doesn't display that it's paleochannel, but it looks like it may continue in those directions. Then again, I failed geography in year 9, so what would I know.
 
I'm not sure if the chart's relevant since it bought the uranium tenaments, but it looks like it hit a bottom, and might be breaking long term downward trend. As I said, maybe not relevant...Certainly has some renewed interest though. Vol way up. MACD moving in the right direction, confirming change.

Would really like to see a radiospecrometer thingy reading of the valley to see if they have any hot rocks.
 

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I have gone to their Web site which is very old and still refers entirely to their previous enterprises in the wireless data environment so no answers there. I have emailed them and posed a few questions re their chances of success. I will post when i receive a response to the email. Sydneysider i hope you dont mind me using your concerns as a draft for the list of questions i sent.
 
TheAbyss said:
I have gone to their Web site which is very old and still refers entirely to their previous enterprises in the wireless data environment so no answers there. I have emailed them and posed a few questions re their chances of success. I will post when i receive a response to the email. Sydneysider i hope you dont mind me using your concerns as a draft for the list of questions i sent.
Click to expand...
Thanks Abyss, will be interesting to hear from them. They're probably new enough to give you a reply. If not, then maybe we can question their communication/marketing skills. Must say, I'm concerned that they are a tech company jumping on the u bandwagon. Not too much credibility there. Perhaps. I wonder what the directors backgrounds are in. Not likely to be geo's I'd say....

Seems to have found some buyers today. Hope it wasn't just ASF buying it....
 
I wonder if these prospective leases have already been given the once over?? Yeelirrie was discovered in 1972 by WMC and Lake Way and Centipede also in 1972 by Delhi. Are these new areas part of original WMC/Delhi leases that were relinguished as not being worth keeping (at 1972 values of course)? Probably an old database floating around somewhere??
 
I saw this and it definately looks like its worth a go. It was either have a small interest in WMT or these. I decided on WMT because I didnt like the fact that BLZ was in WA. Doesn't that bother anyone?
 
will have to be a change in government in WA for U mining to get the go ahead. And believe me the Libs arent travelling to well in WA
 
robandcoll said:
will have to be a change in government in WA for U mining to get the go ahead. And believe me the Libs arent travelling to well in WA
Click to expand...

If they can't score some serious points now that it seems that Burke of WA Inc is running the Labour Party they never will.
 
Traders are running rampant with this,

Got up to 4.6c on huge volume, then about 5m disappears off the bid screen,

Still did surpass previous high of 4.4c

I reckon its got the ingredients to do a GSE type traders run
 
To those who are focusing on the fact that its tenements are in W.A. are missing the point that its tenements surround Yeelirrie,

So if ENR operating with a smaller tenement package around Yeelirrie can be capped at $30m, why not BLZ?

Also operating in W.A. doesn't seem to effect AEE or NEL too much and it didn't stop Redport being taken over by Mega ;)
 
guys no offence (espec yt) but read the announcment 21/2/07 the highlighted bit re unused funds. it smells a bit fishy to me. in WA and may never get exploring? dot com turned u?
 
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