fresh lows, page-35

Someone has to play Devil's advocate. I just can't see the CAPEX being obtained given the margins. And obtaining the CAPEX is made more difficult given the proposed location ie Namibia. I can see BMN trading as a call on the price of U308, but don't actually see the project being mined in the next 10years. Just has that feel about it and I've invested in spec advanced explorers/ would be producers for many years. I just don't see it ending well. I just feel the days of sitting and hoping are gone and that 2010 will be a tough year in all markets. Now if someone had said 6mths ago BMN will be trading at sub-60c post feasibility study with the Dow 10000 plus, you would have assumed there were definite problems with the project. I believe there are real problems and they will come to light over the next 6-12mths. Sometimes you need to take off the rose-tinted glasses and take another look and review all your base assumptions assessing their validity.