takeover talk forsys, page-6

Forsys? Good lord man. They are an exploration company trying to advance their own project. They dont make money. They have a 300M MC. They have roughly $20M in cash. Sometimes the BMN board is very difficult to read. There is no good information being exchanged anymore. It's a ghost town in here. Traders and know-nothings spewing nonsense....

I am patiently awaiting a long overdue re-rating for BMN.

FYI:
Forsys have (measured and indicated) 75.5M U3O8 @ 127PPM (60PPM cutoff)at their Valencia project in Namibia
Capex= US$320
Opex= US$38.03/Lb
3.4-4.4Mlbs U3O8 production/year
Shares on issue= 79M
MC= CAD$324M (AUD$347M)
They have an expanded base case which would attempt to get Opex down to US$34.73/Lb (BMN is currently targeting a 10% reduction in Opex which would bring it down in this vicinity and is therefore very similar)

Now why does Forsys have over 3X the Market Cap of BMN??
Is it because of the mining license in place?
Is it that they have only 79M shares on issue and it is perceived they have more room to issue shares for some of the Capex?
Is it the lower Capex?
Bannerman will have to lay out more money initially but will make far more money once operating (BMN's production/year will be 6Mlb vs Forsys 4Mlb)
I just can't explain it. Investors obviously have more confidence in Valencia than Etango. But why???
I now believe it is market inefficiency and am awaiting a big re-rating. I do think we need some indication as to where the Capex is coming from and a strategic partner of some sort which I am confident will come in time. I mean, this project just cannot be ignored.
Thoughts??