BMN 2.04% 4.8¢ bannerman resources limited

LOL...yes I'm a bit more conservative in my views too.SMM was my...

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    LOL...yes I'm a bit more conservative in my views too.

    SMM was my first foray into Uranium and I made some good money out of that. The issue for BMN is low grade and high cost. That hasn't changed in years.

    Whilst there haven't been many (if any) new uranium mines, the existing ones have just been put into care & maintenance. If the U price picks up, they will just turn them back on again. Bit like shale oil is how I see it.

    I think it's highly unlikely we'll see $100/lb for uranium again. That's not the world we live in today despite the building of more reactors. Even if there was a whiff of it heading that way, BMN will get sold out for a song..... and yes it will be to the Chinese imo.

    How many more capital raisings and dilution will we be subjected to before an out come? (mine, t/o etc) Most of the time, you and I don't even get the chance to participate.

    Have a re - read of the TLEM Conference presentation by BMN (13/11/18) rgd'ing Forsys.


 
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