EXHIBIT 23.2

            CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

The Board of Directors and Stockholders
Pure Cycle Corporation:

We consent to the use of our report dated October 10, 2003, except Note 13 which
is dated April 26, 2004, in the registration statement on Form SB-2, as amended,
with  respect  to  the balance sheets of Pure Cycle Corporation as of August 31,
2003  and  2002, and the related statements of operations, stockholders' equity,
and  cash flows for the years then ended, and to the reference to our firm under
the  headings "Selected Financial Data" and "Experts"  in  the  prospectus.


                              /s/  KPMG  LLP

                              KPMG LLP

Denver, Colorado
June 4, 2004