BMN 0.42% $4.74 bannerman energy ltd

bmn .... namibias red hot uranium winner

  1. 12,454 Posts.
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    Forgive me if this has been posted before:

    http://www.mineweb.com/mineweb/view/mineweb/en/page38?oid=42086&sn=Detail

    Namibia's red hot uranium winners
    One country’s uranium diggers and explorers top the ladder during a tumultuous year for uranium oxide prices.

    Author: Barry Sergeant
    Posted: Friday , 14 Dec 2007

    .....
    Meanwhile, Bannerman (BMN AU, A$3.97) boasts a 27mlb JORC compliant resource in Namibia, at 0.022% grade and also boasting the "alaskite" mineralogy known at the Rössing mine. Bannerman has already found its mark on the uranium radar screen, given market recognition for its Goanikontes project (adjacent to Rössing and Langer Heinrich and discovered by Elf Aquitane a half century ago). Bannerman also holds the Swakop River project, around Langer Heinrich, seen as highly prospective for calcrete hosted secondary uranium oxide mineralisation

    On September 17 this year, Bannerman announced a detailed scoping study into the economic viability of its Goanikontes project. The study has confirmed that, "subject to the delineation of the target resource base, a viable operation with strong cash margins could be developed". The uranium ore would be mined in a conventional open pit at a rate of 15mt a year. Annual production is put at between 6.4mlb and 8.8mlb uranium oxide with a mine life of 12 to 15+ years. The target commissioning date is late 2010, with full production anticipated by mid-2011.

    Perormance of selected uranium stocks
    Stock
    price
    %From high
    Value US$m

    FIRST URANIUM
    C$10.50
    -21.4%
    1299

    AURORA
    C$13.14
    -34.6%
    951

    XEMPLAR
    C$6.22
    -14.8%
    737

    MEGA
    C$3.21
    -64.3%
    572

    LARAMIDE
    C$6.59
    -60.5%
    380

    BANNERMAN
    A$3.97
    -4.1%
    446

    UR-ENERGY
    C$3.44
    -36.9%
    313

    FORSYS
    C$3.81
    -62.6%
    289

    EXTRACT
    A$1.12
    -17.4%
    181

    STRATHMORE
    C$2.37
    -56.9%
    170

    TOURNIGAN
    C$1.24
    -72.4%
    150

    BERKELEY
    £0.62
    -32.8%
    147

    URANIUM ENERGY
    $3.43
    -63.3%
    129

    KHAN
    C$1.31
    -76.8%
    70

    WEST PROSPECTOR
    C$0.96
    -84.6%
    43


    These prices were all before the recent fall so BMN & EXT are down from those ... but certainly 2 of the best performers in the sector.

    cheers



 
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