" Project Development Partner A number of parties have already visited site and conducted due diligence on the feasibility study work completed to date. Bannerman will pursue a sensible and value-accretive development partner transaction at the project level that will facilitate both the provision of project debt and equity financing. The quality of the feasibility study work has been acknowledged by parties who have reviewed the information. Further updates regarding a potential development partner will be made in the first half of 2011, as appropriate."
Taken from pg 8, which indicates that like most of the serious investors/consumers, they are looking at the project economics. In this prevailing stronger U market, it is again able to make money. How 1 year on makes such a big difference. It may now present the board with a much more difference 'problem', an envy of all explorers, where to source finance to build the mine.
BMN Price at posting:
61.5¢ Sentiment: None Disclosure: Held
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