Black Range Minerals has been classified as a late stage Phase I company and rated '1' on the five point PortfolioDirect rating scale where a '5' rating is the...

Black Range Minerals has been classified as a late stage Phase I company and rated '1' on the five point PortfolioDirect rating scale where a '5' rating is the lowest risk category. With investment returns since mid 2013 in the bottom quartile of those available to investors in the sector after sub-median returns over the prior two years, the embedded expectations appear low. Having a permitting application approved would qualify as the critical next step which could act as a catalyst for a reappraisal of the company's prospects but an approval will be over a year away with available funds barely enough to carry it through for another quarter.The company does not have full time personnel in the USA and the chief executive who has no uranium background spreads his time across several other business interests. Investors will find uranium alternatives with stronger management and significantly lower financial risk. The PortfolioDirect report is available through Bloomberg