You beat me to it .... just finished reading it. Great stuff!
“We made it very clear from the start that this would only be an interim resource .... We had indications previously that the market wanted to see some numbers and we wanted something ourselves for scoping studies, so we released a resource based on the historical data. When it came out, the market appeared to be disappointed by the figures quoted but it was never going to be anything other than an interim resource until we could compile our own drilling data….. There’s been a hell of a lot of confusion in Australia between Paladin’s Langer Heinrich-style mineralisation and what we are trying to exploit. With primary mineralisation in granite, everything is different. These are bulk tonnage, economic grade, not low-grade, deposits.”
People are slowly starting to get point!!!
"As part of the scoping study we needed to know how deep to drill, we were expecting 300m and extended that down to 375m.” Bannerman has decided to drill to a final depth of 400m.
375m - 400m ..... Thats amazing!!!! The final resource is gonna be BIG!!
"We’ve increased our drilling overall by 50%, so all we can achieve by the end of 2007 is down to 300m.”
LOL ... I love it!
"Sales agreements will be locked in by the middle of 2008 and Batten said the company was confident it would get reasonable prices."
That'll be a blast!
“I think you will see a significant re-rating following our TSX listing and our resource upgrade. The market is coming round to understanding that you have to compare this project to Rössing, not Langer Heinrich. I think the brokers now understand what we have got; it is just a matter of convincing the investors."
Bring it on!!
Cheers
BMN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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