Hey Junior, Pen and Bmn, Imo Hard to do any sort of comparison here. Pen-ISR, Bmn-Underground. Very different. Huge startup costs vs minimal startup costs.
Pens first target is 15ml lbs, 80+ will come in latter years Imo.
The huge telling difference between the two though is the that Pen can go to production with that amount alone. These U/G and Conventionals can't, they have to prove up huge resources first so as to make the project a viable one and spread the profits over many years. Pens payback is one and a half years. And now Pen has just changed the equation on us again and is looking at a 3ml lb a year facility.
//www.mineweb.co.za/mineweb/view/mineweb/en/page72103?oid=93647&sn=Detail
This news about Namibia may also have alot of the big boys sweating a bit. Big news to say the least.
It just highlights to me how good a position Pen are in to take advantage of this Nuclear Tsunami thats coming.
NK
further high grades and new ground at ross, page-45
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