BMN 5.67% $3.33 bannerman energy ltd

ext and bmn compare , page-12

  1. 12,455 Posts.
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    All good points Skipperx

    The other factor you mention is the stages that EXT & BMN are at.

    EXT is at the exciting exploration stage, heaps of drilling, and corporate activity. So the moves have been very strong.

    However, BMN have done their main exploration on Anomaly A, and are focusing on completing the BFS, and moving on to development stage. This is always the lull period. Once the PFS, DFS, & BFS are approved, things start to happen very quickly ... I remember when PDN announced a successful BFS, then started announcing off-take agreements, and it was whooska as they were scooped up by investors & institutions.

    So this stage lies in front of BMN. The figures you psoted show clearly that they are waaaaay underpriced compared to peers. So I expect some re-rating over the next few months toward the $2 mark & higher, before the real fun & games at years end

    All good!
 
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