Ann: March 2013 Quarterly Activities Report , page-6

BMN ain't in good shape at all.

- Not sure where they are going to get ~$870m to do this, and who in their right mind would give them that money
- Admin costs stay the same each quarter, yet other costs reduce
- They lose ground in the EPL's they hold
- Cash low
- Low grade U308
- Mining licence ... let's just stop there
- It took BMN 7 years to realise EPL 3346 (Swakop River Project) is a duster ... 7 years!

What a big mistake getting involved in BMN was. Just need to make some capital gains in others to get rid of this once and for all, but in the mean time I reluctantly hold.

This is an illiquid traders stock now, better U308 companies out there.