hi Tibbs, at a conference over here in germany it was said at a comparision to other companies in Namibia: "Bannerman (Xemplar), here the uranium is to be mined very uneconomically in his opinion. On the one hand because the geographical condition of the area of a similar structure resembles moon craters and the uranium in geologically unfavorable accumulations is present. One can compare this with a DinA4-paper perpendicularly in the ground is and in irregular distances in the appropriate area is distributed. Thus the drillings are implemented not perpendicularly but in an angle diagonally in the earth."
I know this is a bit smattering and the last costs clearly stated by the company, but as I always appreciate your insight also in geological view, what is your opinion? I assume, you can shortly prove this as it is. And even in case, how did they manage to deal with it, or didn`t they? besides, where did you get these $22 p/lb from. Any official statement from BMN ? Which one?- thanks in advance
BMN Price at posting:
70.0¢ Sentiment: Hold Disclosure: Held
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