why its weak, page-6

nk.

your DCF (analysis) is scary coz you don't know what your doing mate!!
The 'discounted cash flow' is for projecting costs & income , 5 or 10 years down the track...thats all . I worked in Land development for years & did them all the time.

You did it for the project costs but 'forgot' to apply it to the income stream.....thus indicating in your post that bmn will not make any big profits!!..

Bmn is 'weak' as you put it because the whole global market is 'weak' especially the Uranium index (very weak) right now ...

Please go read www.financial sense.com which analyses cameco, denison mines , strathmore, areva , etc.... the really big boys!!.
When these rise up continuing the Uranium bull run ....then & only then will companies with 'pounds in the ground' jump up as well.Bannerman is now classed as a 'near term producer'...its not an explorer as such.

The 'wannabies' explorers will not get taken up by the serious money this time...many punters are stuck in them at heaps higher prices...thats tough as they won't make those highs ever again .

But bmn will make new highs because they have a 100Mlbs plus almost confirmed from AA in a month or two...

which will give 12 -15 years mine life @ 8 Mlbs U308 production from AA alone.

not to mention 8 years of 'hotter' drilling' from ombuga , rossingberg 13 ,oshivello etc. whereby PB predicts another mine will be built of similar capacity.

Imagine the 'markets' response to another mine being built on another 100Mlbs discovery at say, Ombuga.

My friends & newbies to this thread!, this is whats called 'Upside' or 'potential' ... or just plain strong fundamentals!

Stop panicking for the quick buck!!...This is still a bear market ...
Casual investor has posted future figures,based on the Scoping study.....at least bannerman has a decent scoping study!!

How many Uranium companies have got a positive scoping study so far??

bmn actually used a sale price of just $45 a pound for U308in its SS...when the actual long term price is still $95....
The spot price is only for companies that have a 'shortfall' in their supply contracts...as did era & pdn last year coz of floods in the mine that stopped production.

So where's the economical scoping studies for mtn,ags,dyl,wme,whe, & all the others .
Marathon was the Ozzie darling reaching $6.50 ....now their drilling permit has been cancelled by the govt.

bmn have now got $21M in the bank. & with the utmost confidence in their project have proceeded straight into the bankable feasibility study to be completed by early next year.....

That bfs outlines everything involved & all the costs for actually building the mine...plus the on site acid plant will reduce opex down to the lower $20's zone..& keep power costs lower.

So how many companies are into a bfs these days???
bmn has water, power, roads ,infrastructure, labor,a pro uranium government.
The canadians now have lotsa shares to create their own market& will move bmn upside bigtime when the timing is right....but not right now in my opinion.

NK, Stop worrying about how much a dollar is worth in 5 years.
or put your dough in the bank for 7%....& as casual investor mentioned you're way off with your figures so back to skool you go.
I know where my bucks are staying for a long while yet....& its quite a lot. Believe me if I had doubts about this company I'd be the first to jump off!!

Bmn is the company with the most upside potential in the Uranium sector that will definately build a big profitable mine ...greed is good!!...hahaha..

The management team are experienced , aggressive,& 'shakers & movers'....

Sure, they took on Rio & lost...So what... do you want wimps in control of our money ???
They (clive jones & nathan mc) were jumping Rio's shovellanna iron ore claim before bannerman was conceived ...or about then anyway...


these fellahs will advance the bmn project full steam ahead...they have so far done this in record time & they will make a lot of money for me & you along the way.; so stop looking a gift horse in the mouth!!..

cheers, cj