corporate activity scenarios, page-51

joelbaby,

Just to pick up your arithmatic there joel,

its about lbs in the ground, not the grade.

The lbs in the ground, is calculated on the bulk tonnage x grade.

So when BMN says they have 300+ mill lbs target, thats what they target finding.

The fact that ext grades are higher, just means the same lbs are recovered from less tonnage of dirt.

Who knows how big each deposit is?

BMN are targeting multiple targets, and 300+ lbs has been target.

EXT? i dont know, and it doesnt matter.

The only fact here relevant is that EXT has demonstrated what i have always said, that the t/o value of the intrinsic value, will correct the sp, irrelevant of any bear sentiment.

ANd that light, illuminates BMN as peer to the market.

The disparity evident, and thats why BMN is under a rising pressure, while profit takers, traders do what comes naturally to them.

Longs continue to jump on board.

Where will it end?

If there is no t/o forthcoming to bmn, then the overhanging fear of a left field offer, will keep bmn on the coat tails of ext at the very least.

So, imo, BMN, will contine this trend to 2-3 dollars.

And then BMN can raise funds at a more mature level, and confidence in continuity of operations will strengthen bmn more so.

When BMN was trading at 1.50-2.00 before the crash, i had silly bid in at 1.22, and it got filled.

We aren't even back there, but not far off. So, pre crash sentiment would tell anyone BMN was a screaming buy at these prices.

No point whinging about not getting enough later on, when BMN redeems itself.

Writing on the wall, who can read?

cheers