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BMN - Bannerman Energy

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captjohn said:
Chris 1983 is great at calculating out all the results ahead of time & estimating size & I, for one, hope he is right.
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Hi captjohn I hope I am right also. I did take profits along the way though. I'm still left with a nice holding that is being free carried so If the calculations are right which is all based off assumptions we will have huge grins on our faces in a couple of years time. Its still very early stages right now. The next set of drilling results will be a big test especially if they are drilling into an area where they know historical drilling hasn't occured. I think the future drilling results will continue to be positive because all they are doing is re-drilling the historical area atm to determine a resource and bring it to JORC standards. The good thing what they are proving though is the depth extensions on the historic resource. Below is cut out from their recent announcement.

"Additionally the results prove that potentially economic mineralisation extends at depth below the level of the historic drilling."

Its fair to say Bannerman are in an area that is known for having these type of deposits which are at depth with the rossing deposit and they have proven the possibilites of having a resource at extensive depths from the surface with their recent results. Everythings looking sweet.
 
Hmmmmm !!........Stocks on my uranium watchlist......

ERA, PDN, SMM, MTN , all up 4 to 8 % today...
Ol' BMN is still just treading water.

Not sure what's happening.....Bol. bands are closing & moving averages are getting back together....(consolidating)
I still think it needs to be re-rated by d.j. carmichael's above $3
captjohn
 
treading water is the appropriate word,
but there is plenty of time for this stock to catch up...

i have not detected any change in overall trend... yet...!
 
this stock is much bigger than that carmichael broker

with out without their reccos



I have a sheeetload of SMM as well, 15% of my fund, thats a lot of one stock so can't complain go smm
 
I wonder if the infamous upwards movement is on the cards..now that we have had the reasonable retrace after a good announcement. hmm. Its definately still holding that upper trendline like Rafa has said earlier.
 
On FN Arena has advised there is an 'Auction' of 100,000 pounds of U happening later today in the U.S.
Analysts are expecting $80 plus per pound.
Anyone wanting article.... let me know

captjohn
 
Forsys metals broke $550M mkt cap on canada last night..Uramin is over 1.2billion CAD dollars...forsys reserves only 30,000t @ 200ppm??

Cmon bannerman, if this was a seamless mkt it will start putting on heaps when it gets those jorc estimates finalised
 
Halba said:
Forsys metals broke $550M mkt cap on canada last night..Uramin is over 1.2billion CAD dollars...forsys reserves only 30,000t @ 200ppm??

Cmon bannerman, if this was a seamless mkt it will start putting on heaps when it gets those jorc estimates finalised
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I think Forsys code is FSY :confused: for TSX.
 
Halba said:
yes FSY. also UMN = uramin
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Looks like one of these will be the next mine in Namibia...
& Paladin's success will keep the spotlight on them ....& of course BMN as well in due course......

I thought FSY has quite a bit more U3o8 than that HALBA...nevertheless it's great to see them all going up

captjohn
 
Valencia Inferred Resources/Technical Report
Cut-off
Tonnes
Grade
Calculated Pounds

(U3O8 kg/t)
(millions)
(kg/t)
(%)
U3O8

0.10
117
0.16
0.016
41.1 million pounds

0.15
49
0.20
0.020
21.6 million

0.17
32
0.22
0.022
15.5 million*

0.20
18
0.25
0.025
9.9 million


FSY trading at $616MAUD/41 m pounds = $15 AUD a pound
 
Halba said:
Valencia Inferred Resources/Technical Report
Cut-off
Tonnes
Grade
Calculated Pounds

(U3O8 kg/t)
(millions)
(kg/t)
(%)
U3O8

0.10
117
0.16
0.016
41.1 million pounds

0.15
49
0.20
0.020
21.6 million

0.17
32
0.22
0.022
15.5 million*

0.20
18
0.25
0.025
9.9 million


FSY trading at $616MAUD/41 m pounds = $15 AUD a pound
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As I remember,BMN [AU$3/IB],AGS [AU$15/IB],MTN [AU$3/IB]
 
ext doesn't have any resource

bmn is prolly another rossing- 60,000t u308 , 130mil pounds or so. Thats <$3 a pound in a country which can produce. It will be a 10 billion company if they can prove it all up
 
Its all going to take time. Atleast we know a heavy drilling campaign is in place atm. It would be nice of course seeing BMN fly through the roof but maybe it was just that time to consolidate for awhile. We got it flying through the roof all last year and its run didn't even really start untill mid april last year.

When it runs it will run hard.
 
Halba said:
just gives us all a chance to top up, for the next leg up
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Looks like nice healthy consolidation to me, taking it's turn while some other have a run.

I am still VERY cautious about when fair value is going to catch up with all these however. Hard to say, when we don't have a JORC yet....
 
kennas said:
Looks like nice healthy consolidation to me, taking it's turn while some other have a run.

I am still VERY cautious about when fair value is going to catch up with all these however. Hard to say, when we don't have a JORC yet....
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It is impossible to judge what fair value is at present. I dont think it will be possible to determine until the spot price of uranium levels out, and this won't happen until the demand of uranium is worked out. The uranium bubble could run for years to come.
 
the barry said:
It is impossible to judge what fair value is at present. I dont think it will be possible to determine until the spot price of uranium levels out, and this won't happen until the demand of uranium is worked out. The uranium bubble could run for years to come.
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I agree to some extent Barry. There are many factors at play. The first thing some of these explorers need to sort out however is their resource and then get a BFS done so we may perhaps see what value is really there. By that time of course, you may have missed the U boat......Hopefully BMN can get themselves sorted in time to get on it. Or, perhaps, punters just play this as a trading stock and ride it while it lasts. It's been an outstanding pick the past year or so.
 
kennas said:
Looks like nice healthy consolidation to me, taking it's turn while some other have a run.

I am still VERY cautious about when fair value is going to catch up with all these however. Hard to say, when we don't have a JORC yet....
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Your definately right Kennas..there is no JORC yet so some investors would show some caution. The initial JORC will come out some time this year which should attract more investors. Some investors wont even look at a stock untill it has a JORC compliant resource. The initial JORC will be based off the historic drilling area. How large is the historic drilling area? Its at an avg of 300ppm and it was to about 60 meters depth am I right? In the recent drilling they confirmed depth extensions. Who wants to have a go at the initial JORC based off Historic drilling? I'll have a go later when I'm bored. At work atm.

I think uranium wont slow down any time soon though. Energy is needed and nuclear power seems to be the way to go atm. Demand is only going to continue in the coming years. I remember reading all the new nuclear reactors being built in the world. Theres a lot.
 
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