good news for bannerman, page-24

all bannermaners,

Forget about the SP.

FORGET about it.

It doesn't change the fact that they are sitting on a massive resource is a country Pro U mining.

With neighbours like PDN (LH) and RIO (rossing) BMN is a 2.5 billion dollar stock, minimum.

The fact that it's currently circa 235 mill coy, give it a PE of 10-1 on production of 4000 tpa at 250,000 p/t=1 bill pa/2 costs = 500 mill pa earner. allow 30% taxes, 350 mill tax clear earner, puts it at a MC target of 3.5 billion = 15 bagger = sp target 1.6*15= $24.

But conservatively, lets say a 10 bagger.

This little dance the SP dows now, sees people running to the toilet, grasping for the tissues.

Just forget about it.

Yes the SP is down, so buy more IMO i did. I sold some losers who couldn't promise me a 100% gain in 12 months.

When the U sector sentiment turned down last august, where did the money flow? see the BMN chart, one of few u coys rising. Answer - the smart money backed BMN.

So we have had a market crash, of course it took BMN as well, but the smart money, which selected BMN on exit of other U stocks, is still corect.

So hold on to the rebound and buckle up.

OPES is done, SP is close to august correction.

Smart money has a memory.

Flight back to quality will see BMN return to previous highs.

I'll tip 3.00 by christmas on good news, resource extensions, and time line to production.

And dont forget why you bought BMN to begin with.
Doom and gloom can cloud the mind.

Stay sharp.

This little quote from their quaterly

"PLANNED DEVELOPMENT SCHEDULE
The Company anticipates it will have a resource update for the deposit shortly.
Feasibility work has been ongoing since the completion of the Scoping Study with
further acid leach work and a case study into an on site acid production facility. In
addition, the Environmental Impact Assessment (EIA) was commenced during the
quarter and the Company is compiling core samples for further definitive leach test
work and comminution trials."

Sound like a winner?

cheers.