Interesting interview with Carmel Daniele, founder, CEO and CIO of CD Capital.
TER: Are there any other companies that you can share with us at this time?
CD: Yes, there's Bannerman Resources Ltd. (TSX:BAN) (ASX:BMN), with uranium properties in Namibia. The reason I like it is because it's really close to Extract Resources Ltd. (TSX:EXT) (ASX:EXT), and when you compare the valuations of those two, you realize how undervalued Bannerman is. And the reason that Extract is valued a lot more than Bannerman is because Rio Tinto is interested in it.
TER: Yes. Is there a possibility that Rio Tinto would also be interested in Bannerman?
CD: I wouldn't be surprised. Yes, if they want to consolidate the region, but to date nothing's been announced.
TER: And is Bannerman currently producing or exploring?
CD: Not producing yet but it's the next significant large-scale uranium project due on line. It is targeting annual production of around 5 to 7 million pounds of uranium by 2011. And it's in a country where they're used to uranium mining; it's got low-cost production.
http://www.theenergyreport.com/pub/na_u/1043?utm_source=streamsend&utm_medium=email&utm_content=5689701&utm_campaign=The%20Energy%20Report%20%u2502%20Carmel%20Daniele%3A%20This%20Fantastic%20Crisis
energy report
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