I own both, EXT and BMN, as a number of others do. Clearly, BMN is not EXT, and no one is claiming they SHOULD be valued on the same EV/lbs. Obviously, where you have 5 or six uranium companies in the same area in Namibia, comparison will be made.
I currently own EXT, as I believe there possible additional rewards in increasing the deposits in zones 3, 4 and 5. I don't know how much of this is already priced into the $9.80 sp. That is the risk.
I currently own BMN, as I believe it is undervalued. I have done a lot of reserch and as yet can not find out a conclusive reason, as to why. Perhaps, it will only become clear from the BFS. I also believe, that there will be additional increases to the resource, at higher ppms. This is all from digging deep into all reports.....not just hoping!
As an investor, I'm just interest in what share will give me the biggest 'bang for the buck', at this stage. Later on, if I contiune to hold, I will have to start looking at mining, cost of production, and uranium prices, recovery rates, etc.
I have read your posts elsewhere; you look like your just interested in stirring up trouble; not the first, on either thread. And really, must of us, either in EXT or BMN, are sick of it.
Cheers, Skip
EXT Price at posting:
$9.80 Sentiment: LT Buy Disclosure: Held
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