looking at the bigger pciture and longer term

Ive been watching BMN from the sidleines for awhile now and here's my thoughts

Generally speaking Globally for a Uranium deposit to be considered in the current environment it needs to have operating costs sub $40 US/lb U

For it to be considered an excellent deposit which can withstand downturns in the uranium price (as we are seeing) it needs to be sub $30 US/lb and really as close as possible to $20 US/lb in operating costs.

This is what seperates a company like EXT and BMN

Apart from the obvious natural fit EXT's Rossing South presents to RIO's Rossing deposit, EXT's operating costs are estimated to be $24 US/lb which is 60% cheaper than that of BMN's $38 US/lb


All that being said I believe LT that Uranium will play a much larger role in global energy and as such we are yet to see the true "Uranium Bull Market" so to speak

Companies like BMN stand to benefit the most from a large price upswing as their marginal deposits are higly leveraged to the Uranium price


Finally as Uranium is an energy source certain countries such as China and India are always more concerned with the security of supply over the economics of a project and in this respect BMNs very large deposit becomes very attractive to say a Chinese State Owned end user

I however am holding off buying for now

Good luck to all as fortune favours the brave

I dont hold either EXT or BMN and would never buy EXT at current prices however and watching and waiting for an opportunity to buy BMN for the LT