BMN 4.90% $3.30 bannerman energy ltd

where are the bmn brotherhood, page-20

  1. 13,667 Posts.
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    kivvy thats very possible..

    Just by taking off the reductions we get 90 million pounds though.

    They have continually stated that the grades increase at depth and this has been proven with driling results. To get 100-110 million pounds the 300-400 meters drilling would have to be a much lower grade..so I dont think thats the case..but definately a possibility. They may have only hit higher grades for a minimal amount of holes. The rest may be all of a lower grade nature? I doubt it though.

    When we were first throwing around estimates it was a lot tougher to predict a resource..but now that results have been provided and a resource has been defined down to 300 meters I think its a lot easy to have an educated guess for the final resource down to 400 meters.
 
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