BMN 9.29% $2.47 bannerman energy ltd

Thanks mate, I've read it ... and I don't believe it. Capital...

  1. 239 Posts.
    Thanks mate, I've read it ... and I don't believe it. Capital costs are far too light at US$430m for a project this size, and coupled with op costs which I expect to be north of US$30/lb, I would not get too excited just yet about AA. Not to say it won't get up, but they need better grades to make it really profitable. All power to them for being ambitious, but I'll stick to the smaller high grade secondaries...
 
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