Capman, low grade is not a big issue. Like EQI, constantly making good money with gold head grade at 1.12g/t. ($200+/oz profit)
At 200ppm the ore value is about $35/t to $40/t. Of course, for low grade you need to move around large tonnage of ore to get large production. You need huge deposit to make it work which BMN has, and now we need rising uranium price to help.
It does not matter what the scope study said, remember it is a scope study, +-50% or so. (recently we have seen some 100% cost blow up for some mining projects).
Glad that you listed the deposit value in terms of gold, copper, oil and nickel.... You should be able to compare BMN with the value of these companies, particularly, with the project in more advanced stage or in production which could be an indicator for future valuation of BMN.
Everything is relative.
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