dodgy market atm, page-67

To me it is quite simple.

BMN has a large deposit that is marginally economical if U. price goes above $70/pound and probably uneconomical below.

Plot a theoretical SP graph of U. companies starting at the point in time when U price reaches $70 and continues to rise, lets say by $10 per year.

You will find that those with very large deposits will skyrocket almost regardless of the grade. It gets really tasty above $100/pound.

Of course, $100 is a far-fetched scenario, which may have more than a few road bumps, but for me this is the main reason why I would consider BMN. Certainly for med. to long term in any case, and plenty of chances to buy on the cheap in the meantime.