bmn v ext, page-4

Im just about to run off and watch a movie..so...just quickly..

I think both companies are good. EXT deposits are different in that it isn't one huge ore body like Goanikontes Anomaly A. It consists of three or 4 deposits? Tibbs will know this better than me since he currently holds both stocks. Anyway there will be 3 or 4 open cut mining operations..all fairly close to one another but BMN will just be one big open cut mine.

I dont know if BMN applied for EXT licenses..so not sure on that..

EXT own 100% of their licenses though. Bannerman is 80%. Thats a plus to EXT. I think Bannermans license contains a lot larger radiometric responses though..so possibly more uranium than EXT. Both have a range of other licenses. Bannerman also have a few 100% owned licenses in Botswana. These licenses also look very promising. Bannerman have less shares on issue and a much higher share price..so they can raise funds with less dilution.

If Bannerman rockets up and EXT stay down I may well sell a few to also diversify into EXT. Just depends how I feel. Sometimes a bit of diversification doesnt hurt because it will protect you if anything outrageous happened to Bannerman. One thing with Extract is I feel their management are getting ahead of themselves at times..an example is completing a scoping study when they don't even have a defined resource. They are doing what they feel is the best on behalf of their shareholders but I felt the markets reaction wasn't totally positive. All in all both are a good buy atm and both are undervalued compared to their Canadian listed peers.

If I have said anything wrong..forgive me. Just educate me with your responses.