capman"the analysts covering bmn have flagged a final resource...

capman

"the analysts covering bmn have flagged a final resource of circa 150 million pounds.

its been accepted that the interim resource down to 300m would have come in at 100 million pounds if the assays hadn't been discounted.

so now we are looking at a final resource down to 400m where the grades are higher."

Once again, people starting to jump the gun and raise expectations too high. One analyst has said up to 160m lbs as far as I know and they may be way off.

While grades are better at depth, the tonnage is lower. Check the horizontal profiles and you will see much more waste at depth. Also, the southern 'extention' is much thinner than the area covering the initial JORC.

Only way of increasing the poundage up to the 150m mark at AA will be U in the metasediments I think.

IMHO better to hope for just 100m lbs final resource and be happy with that! They are great numbers as is.

Lets hope the market is surprised to the upside for a change.

Max.