why is bmn so cheap, page-19

Beerbaron you are welcome to your interpretation of Grigor, who by the way has never got a stock pick right by my memory!

I think even Grigor knows that its not grade that is the main issue. There are only TWO issues that currently will make a uranium deposit economical or not:

1] Underlying opex p/lb
2] Ability to sell into the long term market

So you and others can twist and apply his comments however you like, the reality is that aside from EXT, just about every uranium deposit in near development stage has to cover those two areas to be be viable.

So of the two issues, BMN with a 200mlb deposit and 20yr mine life will easily attract long term contracts, satisfying his criteria. And the stated opex for BMN's deposit is well and truly economical at $65 p/lb.

Another issue I have is this ridiculous "hard rock" comment of his ... Pleeease! Is there a soft rock! Alaskite is very brittle and just as easy to blast as sandstone, which is ALSO ROCK! It is also easier to crush and grind than sandstone. Namibian alaskite is also leachable in course grain size, as opposed to most sandstone deposits that need fine grinding to release the uranium from the gaungue, such as LH.

So get this all into context please. This whole thread is just pathetic and calls into question individuals that need to put other stocks down in order to validate their own investments. The poster said that EVERY other U stock is going to fail except EXT!! How ridiculous! In other words, every other investor, besides him, is wrong, and all these companies are useless! Polo has wasted $millions of their dollars by investing in multiple other U stocks, Geiger Counter has wasted all their dough by investing in some 30 ASX uranium stocks. The hundres of $millions being poured into U stocks by the Chinese, Koreans & Japanese is wasted money!

What an absolute load of rubbish!.