Danube..I was never a fan of MTN for the fact they were in Australia and are near a national park. The whole scenario of an underground mine to get to the mineralization puts me off.
I think BMN’s scoping study has proven that there is significant upside still available to share holders. The final resource estimate is going to be huge..the Canadians will take hold of the stock by the scruff of the neck. They know what Areva offered for Uramin…US 2.5 billion dollars. Uramin’s flagship project doesn’t even compare to Bannermans Goanikontes project. The Canadians wont be as slow as the aussie investors. We are the aussies who are in early.
Remember the flagship projects of the two companies.
Bannerman – Goanikontes project
Currently at 27 million pounds at a grade of 219 ppm
Estimated final resource estimate in excess of 160 million pounds
A CUT-OFF grade of 100ppm!
Grades increase at depth for the Goanikontes deposit and the interim resource is only to 80 meters depth!
Uranium found in metasediments has not been included in the interim resource.
Uramin – Trekkopje project
Inferred Mineral Resource of 139.2 million pounds
502 million tonnes at a grade of 0.013%
That’s an average grade of 130 ppm people!
A CUT-OFF of 80 ppm!
This is not rocket science people. It is common sense to buy Bannerman.
I have my holdings set..do you? :D
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