Uranium is an extremely common and plentiful element. It is literally everywhere.
Bannerman's hope was to finance and build a mine whilst the price of uranium was artificially high due to short/medium term shortage. Look at Rossing - up until 2 years ago it was apparently planned for decommissioning.
Uranium will absolutely be an important mineral in the coming century but if the price of uranium reverts to a more 'normal' level then Bannerman's mine won't be economical. They have only a relatively small window before hundreds of other hopefuls start operating, and only the lowest cost survive. Bannerman will not have the lowest cost mine and hence will not survive.
Uranium is an extremely common and plentiful element. It is...
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