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CHRIS1983 CHRIS1983

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SUBJECT: RE: Bannerman Posted By: chris1983
Post Time: 11/19/2007 03:00
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I thought you Canadian investors were smart?
FSY current resource is 62.1 million pounds of uranium at a 60ppm cut-off with an average grade of 126ppm.

Bannerman currently have a 27 million pound resource at a 100ppm cut-off with an average grade of 220 ppm. This resource has been taken over a 1.4km strike and to 80 meters depth. The strike length of the resource has since been increased to 2.3 km's

They will be releasing a revised resource estimate come the end of December to 250 meters depth I think it is and over 2.3kms. Then at March 2008 a final resource estimate will be released to 350+ meters depth. They have been targeting 160 million pounds at a higher average grade than 220 ppm because the mineralisation increases at depth. This is an easy investment and will bring way more rewards than Forsys


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SUBJECT: RE: et all Posted By: chris1983
Post Time: 11/17/2007 09:23
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Hi guys,
Im an Australian investor. The next one to keep a close eye on will be Bannerman Resources. They will be listing on the TSX on Monday 19th November. Revised resource estimate will be out at the end of December. I would say around 100 million pounds and the final resource estimate will be out at March.

Some quick comparisons..

Bannerman are looking at a head grade for a 160 million pound resource at around 250-280ppm..all at a 100ppm cut-off. You all know the grades for Uramin which is 139 million pounds at 130ppm with a 80 ppm cut-off. I would keep a close eye on BMN when they list.