Some simplified calcs will show why BMN is undervalued.(this has been done before)
-Assume Spot price attainable is @ $70/lb
- Operating Costs at $30/lb
- 8 m lbs of U308 mined per year with 12 year mine life
- Assume US/AUD unity
- Production in 3 Years and mine payback in 2. (+ve cashflows start in 5 years)
- Discount rate at 15%
With these numbers, BMN will be generating postive cashflows of 320million in 5 years for the next 10 years.
This equates to a present value of 918Million and a Share Price of $6.33 TODAY.
Also this is worst case scenario. Say spot price of $120/lb is attainable... then the cashflows are 720m PA, and with a mine payback of 1 year, that puts the present value at 2.477 Billion anda Share Price of $17.10.
Of course IVe left out quite a few points but I just wanted to give newcomers a general idea of the potential of BMN.
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BMN
bannerman energy ltd
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$2.89

why its weak, page-3
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Last
$2.89 |
Change
-0.100(3.34%) |
Mkt cap ! $593.6M |
Open | High | Low | Value | Volume |
$2.99 | $2.99 | $2.88 | $3.430M | 1.174M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10300 | $2.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.90 | 9500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10300 | 2.880 |
1 | 3400 | 2.860 |
1 | 200 | 2.850 |
1 | 10000 | 2.830 |
1 | 1067 | 2.810 |
Price($) | Vol. | No. |
---|---|---|
2.900 | 9500 | 1 |
2.910 | 12000 | 1 |
2.940 | 6802 | 2 |
2.960 | 5000 | 1 |
3.000 | 418 | 1 |
Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
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BMN (ASX) Chart |