lets get this straight, page-10

captjohn,

I really enjoy your mention of MTN. To get record straight, I have great return on MTN, and now have no position of MTN at all. Check my post on MTN, my view is very constant with the facts, no twist.

As a matter of fact, I have sold some MTN right on $6.98, the top, because I am a greedy person. Getting early, and take profit regularly is my investing style.

Based on facts, I have posted, and am posting, and will post either positive or negative view on any stocks whether I hold it or not.

And I don't care you guys "discouragement", one way or the other. Remember, the ignore bottom... Personal attack does not working on me.

But I did made a lot and a lot of mistakes in investing and I am learning everyday, including learning from you, such as positive thinking in difficult time.

One of my mistakes is naively influenced by the rampers worse then you, who might intentionally or unintentionally twist some facts, or put a filter on them.

I am not trying to spoil a party, but to provide balanced view, so some viewers might not make the same mistakes which blindly believe what some of the rampers said.

The problem with BMN is so easy to identify, but nobody to admit it:

1. Low grade, at $33/t ore in grade value;
2. Rosy Scope Study, cost could be revised up significantly;
3. Out of favor commodity;
4. Expected huge capex, and constrain of resources (equipment, experienced workers, management, etc), and at least two more new uranium mine could be start early than BMN in Namibia.
5. Shareholders only own 80%

Low grade requires much higher uranium price to overcome. As I mentioned before, Rossing has enjoyed initial 4 good years of high uranium price to survive ($125/lb in real term from 1976 to 1980).

I admit my post is negative, like it or not, based on fact.

I never said BMN will be a $1 stock soon. It could be. But in mining business, and particular speculating end, everything is possible.

If I can see $5, $10 BMN, I am happy with your overweighting BMN position, congratulations!

I am just presentings facts. In those days, fact does not count anyway.

If you don't believe what I said, keep buying BMN, you could have been get it cheaper, and cheaper.

For your record, I has sold majority of my BMN position at around $3.9 after comparing it with a few low grade copper projects.

BMN could end up with the same fate, large tonnage of low grade ore, better to leave it in the ground until the uranium price is right.