Very interesting article .. not just a journo either, this is straight from th horses mouth.
Two points:
"Many of the development stage assets in the world right now are lower grade deposits (actually, they are NORMAL grade; it’s just that investors have got used to the Athabasca Basin as being the new normal – it’s not. It’s a geological freak of nature...)"
Great point that .. investors get hung up with "low grade", but Etango ISNT low grade!!! It is very normal. EXT happens to have above average grades for Namibia, but most others have grades way below BMN.
"But for patient investors, the junior uranium companies - those with an established asset that is gearing for production – represent value sitting under a coiled spring."
That sums up BMN right now IMO ... "a coiled spring"
:)
BMN Price at posting:
$1.32 Sentiment: LT Buy Disclosure: Held
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