Ann: NI 43-101 Technical Report on the Etango Pro, page-70

re: Ann: NI 43-101 Technical Report on the Et... "Rightly or wrongly bmn have been concentrating on resource/reserve drilling to progress etango. mkt not really giving them any credit, but none the less its the right thing to do."

Presto

You are dead right ... EXT took the path of trying to find the "Elephant" deposit. I didnt agree with it at the time, but hey! They found it!!! So in hindsight it was a brilliant move.

With an obviously very large but low grade deposit, BMN went down the road of development instead ... got hit by the GFC & Savanna concerns, and is just recovering.

The fact is that the market ALWAYS ignores the developing stocks, in favour of the more sexy explorers. This happens time & time again, right until they complete positive BFS, seal off-takes, or get mining approval. Then it re-rates them.

Of course things can change before that, with corporate action etc ... so we might see something before then with BMN.

Whatever the case ... we are in for a very interesting 4 months till end of 2009, with quite a few announcements to come.

Heaps of upward movement to come!!!