patience right now is really required. You already know 100+ million pounds will be defined at say 230-240ppm average? Thats not bad at all. Production costs of around $22 a pound. They should be able to lock in contracts well above that price. What prices did PDN have their contracts locked in at Danube? I know some are at the spot price. One thing I do feel confident on is Bannerman locking in higher contract prices that what PDN did.
Bannerman will be fine. They will get this resource defined. BFS will be well underway then as they start construction they will continue to increase the resource base and find new deposits. Throw in another two anomaly A's I say. Wait.. maybe throw in three/four or five anomaly A's? Im in this baby for the longer term. Since I am a longterm holder I now only pay 15% tax..anything she goes up from here im laughing. Show me the money. Go long on BMN!! :D
lets get this straight, page-21
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