bmn trading at 17% npv

With Areva's recent long-term contract signing of $79/lb, and most analyst's expectation of higher prices in the future, it is well within the realm of possibility for BMN to secure long term pricing of $80/lb. According to BMN's PFS, at $80/lb, using their base case on operating costs, they have an NPV of $802M.

So we are looking at a company with over 200M lbs U3O8(once inferred is converted to M&I), an open pit mine (no surprises ala Cigar lake), a +16yr mine life with relatively flat operating costs operating in a politically stable, mining-friendly juristiction.

These are all of the things that foreign utilities are looking for to secure their long term supply and it is CURRENTLY TRADING AT ROUGHLY %17 OF IT'S NPV!!! (Unbelievable I know, but an oppotunity of a lifetime IMHO)

http://www.bannermanresources.com/media/articles/ASX-Announcements/20091214-BANNERMAN-PROCEEDS-WITH-ETANGO-PROJECT-DEFINITIVE-FEASIBILITY-STUDY-133/Bannerman-PFS-results---ASX-version-FINAL.pdf