u308 is the future, page-36

If the uranium sector as a whole recovers BMN stands to be a significantly more profitable investment at todays prices.

If it ever gets off the ground. If they can find the CAPEX.



If the uranium sector does not recover and long term prices drop to $60/lb, then PEN is clearly the far better option.

Which is why I invest in PEN. Which is why it makes it a better option than BMN.

If you say $38 per pound, I'll take your word for it. And since you seem to be quibbling over a couple of dollars (all I've found is $40 and $42 all over the internet), you seem to be quite touchy in your own defense of Bannerman. So much so it sounds as if you might have taken a massive hit. Either way, you say Bannerman, I say PEN .... and yes, if I had to make an investment right now, I think the "PENs" have it.

And one more thing, my position doesn't need defending.

These are the facts:

- Very low cost producer
- Capex payback 1.5 years (@70 per lb)
- Next commercial producer in 2012
- Signed initial sales contract
- Awaiting final regulatory approval
- Fully funded with equity standby facility
- Qualifies for US government backed debt
- Mining friendly jurisdiction in Wyoming
- Karoo the cream on the cake

If you can't get your head around those facts, I can't for the life of me understand why you bother being on here.

Unless, as I said, your own (precarious?) position requires defending.