Thanks for the feedback. Have looked back on past notes and all I see is MoU. This was also recorded in the annual report.
UraMin is building their own facility in conjunction with Namwater which guarantees supply to their mine. I also hear that Rio and Paladin are in joint discussion to build their own facility or actually part fund a facility with Namwater to guarantee supply.
I am not concerned "IF" BMN will get water but "WHEN". The timing is important and if construction blows out to 2012 and beyond, I fear BMN will miss out on capitalizing on the current opportunities facing new short term producers.
EXT shares the same plight as BMN. How much water will Namwater produce and who has priority???? I don't know the answer but for you long term investors I can only suggest that you seek more definitive answers from management.
Just my thoughts.............
P.S. Paladin have "locked" in water supply until 2017.
have bmn got water, page-4
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