from the uranium thread

Noticed this on the Uranium thread, so cut and paste the section refering to Bannerman



TGR: What about Bannerman Resources Ltd. (TSX:BAN) (ASX:BMN)?

ST: Yes. Bannerman's really interesting in that it's right next door to Extract. The positive thing about Bannerman is it doesn't have a cornerstone shareholder per se. No one has their finger on it, but Clive Jones and Nathan McMahon do own a fair whack of Bannerman, and they also own 20% of the project that Bannerman doesn't own. Bannerman's got around 126 million pounds of uranium in the Etango deposit. The grade on their resource is around 200 parts per million below that of Extract but, if they increase the cutoff then we get grade at around 275 parts per million; but the resource comes down to around 54 million pounds. So I think there's potential there for a starter pit and the new CEO, Len Jubber, is quite a good operator. He's got a plan to get this thing developed and his first big milestone will be the pre-feasibility study in the middle of the year. Then we should see a definitive feasibility study by the end of the year. Early 2010 we'll see the results from that.