BMN 8.66% $3.27 bannerman energy ltd

analysts opinion, page-39

  1. 244 Posts.
    ...."but it just goes to show that uranium is not as simple and easy to extract as other commodities.".

    What goes to "show" JT?

    I state again, U is very easy (in most cases) to extract. I am qualified to say this having worked as a Metallurgist at both Ranger and Rossing.
    Grind, leach, purify and precipitate. The Namibian ones are pretty straightforward. I think BMN have gone out of their way to identify the BEST option for extraction, more-so than most juniors.

    Pre-concentration with flotation is thinking outside of the box and gets my tick. Using GRD Minproc and IML (for design and testwork respectively) are good choices IMO.

    I don't doubt that BMN will face many challenges in the next 12 months; some of what you suggest do apply, but this is why we have PFS, DFS etc. What I do know is the BMN WILL probably have the next Namib U mine in production.






 
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