freo nuclear presentation first class, page-29

Bannerman resources have had a 100M drilling 'Target' for AA for ages ; maybe scoping study days.!

The South african Labs could not process the 20,000 plus core samples in 3 months ; but took 7 months for many reasons.

Thats now history!


I believe & very confident the '100M target' is now a reality , & will be announced next friday!

No guarantees , coz' by then Aliens could've taken over the world .( with SDG as their leader) Eek eek !!

I'm not always right but, never wrong!! hehehe.

How much over the 100Mlbs ????

Maybe nothing......... but every little bit above this will show the 'market' that there's heaps more exploration upside that will continue with the mine development.


This 100Mlbs target is very important to the big picture coz' it guarantees a mine life of 12-15 years !

Bingo !!......simple as that .

It's all over bar the cheering IMO..

We have the resource jorc confirmed come friday.

, a mine is being designed by project engineers Minproc..(as we speak)

Geoff Stanley ( new chairman) from U.S. will get the Capex.($450plus) at the best possible terms available .

The board & management has been increased with very capable people that will build a highly profitable mine within 3 years.

However, in between time ,they can't control the share price...

Stop panicking with short term sp movements , & trust the long term fundamentals.
The project risks are diminishing ...last year for example the 'knockers' were on about ...Oh there's no water , or oh there's not enough power, or too many rabbits that might attack the Drilling rigs! etc etc.

When the sp is low & going lower, I often browse around the bmn website reading all the latest happenings.

How long since you've done that ??


Of course bmn sp will move down with all the others....& will recover quicker!

while many others drop down & stay down ( Wild horse energy for example)one of the 'darlings' of 2007.

Remember, a Share price that drops 8 to 10 timesdown from its high will not necessarily go back to those highs ever again ....

But I believe that bannerman will & double up again .. IMO !!

cheers havagoodweegend,

cj

I am 'overweight'on my holdings into bmn & still confident in the big story in this company .

In now for over 2 years with 3 to go ; (for a producing mine)