If you do some research you will find that the BMN CAPEX is way too high, and because the resource is deep and in very hard rock, the OPEX is very high as well. I would not be surprised if Uranium price needs to be $80+ just to make a $1. Who would stump up $850M CAPEX to build it? They have 300 Million shares out there now....how do raise money when your share price is 10 cents...
Bitter...you bet... these guys sat on their Pre-Feasibility Study whilst a lot of people bought in at $1+ after the recovery from GFC....including me....and when they finally released it - it crashed the price and it has never recovered. I got burned along with everyone else.
Even if the uranium price does go up above $80+ they will be in competition with other lower cost uranium plays...competing for the investors $ to build the mine...
Good Luck
BMN Price at posting:
9.7¢ Sentiment: Sell Disclosure: Not Held
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