BMN 3.15% $3.07 bannerman energy ltd

tough month ahead for bmn holders

  1. 4,710 Posts.
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    After holding for so long we now have less than a month to go for the revised resource and are 3 months away from the release of the total resource. The excitment/anxiety is tough to deal with.

    I hope for a resource of around 100mt with a grade somewhere between 220-250 ppm (Remeber the average grades will be lower for this resource due to the ppm increasing at greater depths).

    I know we have had a comp for the size of the resource but we havn't had one for the grade(ppm) of the resource. Whilst i don't want a guessing comp for the grade(ppm)i would be interested in knowing what people think is a reasonable grade(ppm) average for the intitial resource(again with consideration that the higher grades are at greater depths).

    What will be a good result and what will be a poor result.
 
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