EXHIBIT 23.2

Consent of Independent Registered Public Accounting Firm

The Board of Directors
Pure Cycle Corporation:

We hereby consent to the incorporation by reference in the registration statements on Form S-3 (No. 333-142335) and Form S-8 (No. 333-115240) of Pure Cycle Corporation of our report dated November 10, 2006, which report appear in the August 31, 2008 annual report on Form 10-K of Pure Cycle Corporation.

/s/ Anton Collins Mitchell LLP

November 13, 2008