There is going to be many more articles about EXT, PDN, BMN, and the like, both nationally and internationally, after China decides to have another go at EXT. Here is one link which also mentions BMN:
On another note, I don't see why Hanlong can't/won't lift their 144m (61.2c) bid to between 152m (65c) - 164m (70c). It would still be a fraction of the price if they decided to go after PDN, which at $2 would would be about $1.67b. (Note: undiluted MC's)
Even if CAPEX blew out to $1b (which we ll hope it doesn't) when the DFS is completed in March 2012 (this never happens, so lets call it Q2 2012) this would still be less than taking over PDN. PDN do have a higher resource but China will make BMN work with the methods they know.
C'mon Hanlong, go longgggg BMN!
BMN Price at posting:
40.5¢ Sentiment: Hold Disclosure: Held
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