rio rossing and era

Rio U production at Rossing was down 13% year on year (c820k lbs) and likewise ERA U production was down 25% (c2m lbs).

(http://www.riotinto.com/documents/110118_Fourth_quarter_2010_operations_review.pdf)

Relevance to BMN:
(a) supply side implications on U price generally;
(b) with Rossing head grades on the decline it must make EXT look like a juicy morsel and if EXT gets swallowed by RIO (with its bulging cash coffers care of a bumper year of record iron ore production) the limelight falls more squarely on BMN.

All adds to a more positive sentiment around BMN.