Bmn 150 Mio lbs grades around 220 ppm geology difficult PFS just published ~30 Mio AUD Cash operating costs 41 USD/lbs no cornerstone investor yet
Mey only 38.6 Mio lbs grades around 155 ppm as up to date geology good (very shallow resource-not deeper than 40 m) scoping study expected in Q1 2010 ~ 5 Mio AUD Cash estimated operating costs around 20-30 USD/lbs Yesterday Areva announced that they bought a 10.5 % stake.
So while some points give BMN an advantage,the announcement of Areva (who by the way paid a 85 % premium for the 10.5 % stake of Marenica compared to yesterdays shareprice) boosted Marenica 33 % upwards right now on really huge volume. So that is what is missing for BMN...
BMN Price at posting:
65.5¢ Sentiment: None Disclosure: Not Held
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