BMN 4.90% $3.30 bannerman energy ltd

//-- 2. Rosy Scope Study, cost could be revised up...

  1. 83 Posts.
    //-- 2. Rosy Scope Study, cost could be revised up significantly; --//

    The scoping study was quite conservative - based on contracts at $45/lb. BMN could conceivably get double that on market.

    You are correct - costs could increase, anything can happen before mine is operational. That is why market cap is low. If there were no risks involved then BMN would be worth more than PDN and trading over $10. IMO market is currently seriously overstating the risks.
 
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