Another point for some reason some when a company announces that it has uranium their brains start to fry and money falls out of their pocket.
A good example of this is AGS, was at a high of 2.80 now down to 1.35 to 1.50 only entitled to 20% of the project.
I think someone said that BMN was easy to mine in one post, show me the evidence. I have seen drilling results that indicate the uranium is low grade, high cost production, grades of half a 300 grams per ton is hardly fantasitic.
I would rather invest in a diversified mining company that is targeting several small high grade mines eg 20 million pounds at 7 plus pounds per ton than a monster.
I follow one rule in mining. (diversification), if you like uanium, invest in a company that has a diversified porfolio and several interests rather than just one.
I do have a company that does this in mind but im keeping it quiet.
I do like bmn but the low grade is a bit scary.
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