Have any of you heard Warwick Grigor talk? Doesn't exactly...

Have any of you heard Warwick Grigor talk? Doesn't exactly inspire confidence. Add to that all his vested interests in the Uranium sector (EXT/PEN for starters) and I wouldn't be taking what he writes as unbiased gospel.

I'm a huge critic of Tibbs' overly optimistic views re: BMN and Uranium supply/demand in general, but I think he's correct that BMN will do ok. Unless there's a shock in the PFS/BFS, BMN will have a large and profitable resource with a long life. The biggest criticism I'd level at BMN is that it will likely have a lower profit margin than EXT and several other producers of similar scale. In an over-supply crunch, BMN will be the least attractive company to operate, takeover, etc, and the first to shutdown if the Uranium price collapses.

dt