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
EXT Price at posting:
$9.11 Sentiment: LT Buy Disclosure: Held
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