bmn v ext, page-7

My view:

Bannerman is the "best of the best" of the Namibian U companies.

I reckon it will go on to surpass Rossing & Paladin, with the only contender being Xemplar ... if all the hoopla about them comes to fruition.

BMN vs EXT

Management
BMN: Just Great ... hitting every target
EXT: The jury is out ... a number of questionable acts

Deposits
BMN: Another 4 or 5 deposits BETTER than Anomaly A .. Two already with historic drilling to work on.
EXT: Ida Dome as made up of SIX separate deposits .. all in mountainous terrain, but will be a good starter & company maker. Rossing South & Hildenhof look very good potential.

Progress
BMN: Much further advanced than EXT who have yet to release their initial JORC

Sentiment
BMN: A bit of a darling ATM ... The Canadians have taken to it
EXT: Carry some baggage from the past, have not communicated well ... The Canadians have ignored EXT.

All this might sound negative on EXT ... please don't take it that way. The fact is that the difference between the two is reflected in the SP of both, with BMN capitalised at over double EXT.

This could change in an instant (see MAK today). All EXT have to do is please the market & it will receive a big re-rating, very quickly!! So EXT offer great leverage to Namibia, and I have an exposure to them for that reason.

IMO we will see the world's attention to to Namibia in 2008. Xemplar & BMN will lead the way, & EXT will be automatically come up on many radars.

I wont tell you what to do, but I will tell you that I have just helped a friend get into Namibian uranium, his exposure is 75% BMN, and 25% EXT.