Bannerman Resources (BNNLF.PK) has a market cap of 80.65 million. Bannerman is interesting based on in the ground resource, compared to company market cap. Etango has a defined deposit of 212 Mlbs. It's in the top 10-15 in the ground deposits in the world. This mine will produce approximately 5 to 7 Mlbs. of uranium per year for over 20 years. The resource estimate of Etango was increased by 40% in 2010. 70% of the deposit is within 200 metres from the surface. This is a world class deposit. It has a mine that can produce a large resource over the course of two decades. Namibia is supportive of the uranium industry, making this a very good location. Bannerman looks to have a very bright future, and I really like this company.
BMN Price at posting:
32.0¢ Sentiment: ST Buy Disclosure: Held
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