BMN 3.15% $2.95 bannerman energy ltd

"Name ONE hopeful that will start producing before BMN hope"I'd...

  1. 83 Posts.
    "Name ONE hopeful that will start producing before BMN hope"

    I'd say any that have a reasonable grade, because on average I no longer believe that BMN will become a producer.

    My point was that uranium was always going to resettle at or close to it's historical price, but we could have enjoyed a 5 year period of exceptionally high prices and used the revenue to build an efficient mine and drill for high-grade resources.

    The peak price has now passed and won't be revisted due to economic problems - therefore BMN won't reap those exceptionally high prices and the mine won't be viable.

    If you believe that the resource they have identified is viable, then why are the p*ss*ng away millions of dollars on continued exploration rather than using the scarce cash on hand to finalise the existing resource?
 
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