target $1.30 short term., page-4

Well what an amazing day!! BMN finished nicely on the high of the day. there were 14 uranium stocks that had 10% PLUS gains, from PEN @ 11.5%, all the way to DYL @ 81%. There were other just between 5% and 10% too, PDN; AGS; AFR; and PNN.

There is no doubt the the U sector is hot! I expect it will bubble like this & then cool down a bit, then go for a real big run later this year.

DYL's announcement seemed to spark everyone. This is a sign of the bulls returning.

Some perspective for BMN .... After today DYL will have a fully diluted MC of over $320mill.

BMN is around $180mill after today. So DYL nearly double the MC of BMN???

They have some good stuff in Australia, and in Namibia they have some reasonable smallish deposits & now some very good future potential at Inca ... but COME ON!!! Give me a break! BMN have a JORC of 127mlbs, with an upgrade due soon, being drilled to reserve status, completing feasibility studies, go ahead to mine by the new year, other targets known to have uranium, and yet half the MC value!!

It just shows you how inneficient the market is at any given time. It eventually gets it right ... but by then its wrong again :)

Not bagging DYL, I actualy have a 30k parcel in my uranium portfolio, but it does highlight the inherent value in BMN.

2009 ... its going to be a good year!!

:)