BMN 1.57% $3.14 bannerman energy ltd

another paladin, page-29

  1. 6,183 Posts.
    yes you have got into a good one tibbs and yes always best to hold a few.

    re: the detractors. Rossing mine is break even @ about $15/lb, so low grade does not mean high costs and high cost per unit. This deposit type(alaskite) allows low cost processing, especially as in Namibia where overall costs are low. So Those that think it will barely be profitable at $100/lb that is factually incorrect. Costs per pound of Forsys is one area to look at. However i think BMN has not scratched the surface of this deposit so to downramp at such an early stage is a pure c*ck up. It has 7km strike, so what are you downramping?

 
watchlist Created with Sketch. Add BMN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.