pro and con of bmn, page-3

1. Unknown pro/con (could be pos or neg): Grades mostly determined using radiometric data - to be confirmed by assay results.

Rightly or wrongly, I sold after the report purely because it was based on radiometric data which I do not like. How many other investors did the same?

I have to admit that perhaps I was too hasty. In light of the good agreement between rad. data and the assays, the subtraction of x ppm and the .85 scale factor does appear overly conservative. This "statistical analysis" may not be valid. It is probably based on an analysis of OTHER companies using DIFFERENT methods than BMN (other companies may be 'tricking' the radiometric data by simply moving the probe closer to the sample).

2. Con: Lets say we have a resource (whatever size). Now we are entering the uncertainty phase of BFS, design, cap raisings....

Much can go wrong in this phase. Some investors would prefer to sit out this uncertainty.

Overall, I don't hold ATM, but I think it is a buy. Could be wrong of course.