analysts opinion, page-22

JnrTrader29
I think points made are reasonable it takes different views to have a market!

I think what we know about the U industry as a whole is that there is a massive shortage looming and long lead times mean the U price will increase big time and probably more than it should due to lead time issues. The question no one really knows is when this will occur (1 year or 10 years?). It is a complex commodity given existing nuclear weapon disarmament agreements. Believe your view on this clearly impacts investment priority in....there is enough uranium but getting it out of ground is the issue..

On BMN i believe big issue analysts like the one referred to are missing is that it is all about the strategic investment side. Govt utilities know a shortage is looming at some point and need protection against this. Having an understanding of indusrty and demand from these parties is main reason i am in BMN. Can understand if you want to avoid BMN or other early stage U companies but you have missed a lot of the upside if you wait for confirmation of this as stock will immediately jump significantly on announcement. If your risk profile is low can understand waiting otherwise would say buy now or invest else where.

On mining process this is complicated by different types of deposits and yes pdn has had some issues but totally different to bmn/ext style deposits which are materially less complicated. It is a relevant point on all early stage miners as always risks. BMN has best mine mgt experience possible and likely we could see some consolidation in Namibian assets as real U mining experience in open pit lower grade high tonnage projects very short on ground.

BMN has taken a lot of pain due to poor presentation of pfs results particularly more fully explaining opex and where savings can come from. It is also at the front of pack and opex at higher levels than expected will impact others when external independant costing done. One big advantage bmn has is floatation that others cannot use and will ultimately want to use on confirmation of further testing over next quarter.....but main reason i am in is for strategic announcement....as i previously have said is disappointing this will be at a lower level than it should and could have been...but can only look forward and current prices there are a number of parties circling and expect it will be all over by end of Q1.

Happy new year to all and hope 2010 is a good one.

ps. tibbs has posted a lot of great information that we all benefit from and no one has a crystal ball...some of comments have been out of line...it is frustrating last few weeks but tibbs is not too blame