Australian (ASX) Stock Market Forum

BMN - Bannerman Energy

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thanks a lot capt john

I dearly wished i hadnt sold any today.

I think bmn is sensational should easily go above $10 a share in next 12 months.

cheers
 
Halba said:
Still needs a comp ann I'd take that over a broker report recycling same info I already know!
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Yeah same. But its good to get a broker even making a statement like they have in regards to potential resource size etc etc. They put a lot on the line. They are reporting to their members who are going to invest money in the stocks they pick and how they report on those stocks. So I'm very happy with the report.
 
hey chris i chucked some more money in your ERN today

took a punt, valuations going up across the board

i feel u ann is imminent

1000*800*3.5*35 = potential 100mT in that anomaly A. maybe low average grade but still 100mT is a u deposit
 
chris1983 said:
in the earlier presentation they show the strike for the historic drilling

"Two zones identified to date (+1.4km and +3km)"

I personally think Carmichael have underdone it a lot to not create a stir. IMO they are going to be big and have always thought it would be big. Just off the 1.7 KM strike they have worked out a large resource. We don't know if the mineralisation will be over the complete strike and at depth..but the possibilities are there. Thats why they always continuously compare Goanikontes to the Rossing deposit.
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Yes chris, you & I & others here like to think that 58 m lbs of U is probably only 10% of the resource ....but DJC's analysts for now can't report on anything but the drilling results..& if they(BMN) can confirm U at 200 metres plus by years end I reckon we'll have $6 as SP.....not too shabby...
Go on chris ...have a go at working out the full total resource....the max. U3O8 that could be there...let's get it on record & we'll compare yours with theirs in, say, 12 months....& don't forget that free dinner !!

captjohn
 
They may not be able to jorc all of it in time - labs lots of pressure.

However they could do some RC drilling on the other anomalies just to prove there is u there.
 
Halba said:
They may not be able to jorc all of it in time - labs lots of pressure.

However they could do some RC drilling on the other anomalies just to prove there is u there.
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They will prove it up enough to bring a mine on. Thats about it. Continue to drill it out as they mine to extend the mine life. I think it will be huge. Captjohn I'll give it a go. I think I gave the total resource estimate a go earlier in the thread I think but I based it off the 22km strike of Goanikontes at only 100 meters depth. We really have no idea if the mineralisation spreads over the full 22km so just take what I say as a bit of fun.

22000m strike x 50m width x 200m depth = 220,000,000 Cubic Meters

There are 2.4 tonnes per cubic meter so we would have 528,000,000 Tonnes

If you use a 0.03% uranium grade you would still get in excess of 158,000 T of uranium. Now wouldnt that be a dream. In reaility we cannot expect the mineralisation to continue at depth and at the same grade for the full 22km..or could we. Its full of speculation so take this little write up of mine as a bit of fun. It would be another Rossing if they got something big. Like Halba has said.. there is no way the company will just drill out the entire area. They will only drill enough to bring a economical mine online but yes the potential is endless right now from what we know.
 
Halba said:
hey chris i chucked some more money in your ERN today

took a punt, valuations going up across the board

i feel u ann is imminent

1000*800*3.5*35 = potential 100mT in that anomaly A. maybe low average grade but still 100mT is a u deposit
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Hope it pays off Halba. I think it will. Even DJ Carmichael in the recent BMN report were talking about how valuable uranium tenements in Namibia are..and ERN have four. They also seem to be in favour with the government over there. Klaus has had ties in Africa for some time. When you have a guy like that wheeling and dealing you know he will be favoured in lots of instances. I also wouldnt rule out that fifth tenement they still have pending once the granting of uranium licenses start up again. BMN and ERN are both looking sweet at this stage. BMN are the sweetest because of the stage they are at with their exploration.
 
I think its better to have african plays which have a realistic expectation of mining. In addition the % potential gain on ERN is second to none at these prices.

Undiluted mkt cap less cash is $20m dollars.
 
chris1983 said:
If you use a 0.03% uranium grade you would still get in excess of 158,000 T of uranium. Now wouldnt that be a dream.
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What a wild dream. It will value BMN over $30 per share. I am happy if BMN can find 30,000t.
 
Halba said:
yep tell that to the paladin shareholders or the mtn holders like mming!
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Halba, what's wrong with 30,000t? If BMN can find it, BMN will be $6 stock. Would you guys be happy to see BMN at $6?

I cannot hear you.

It would be logic the stocks is at $6 first, and then $30. Correct me if I am wrong, I am holding a glass of BIN 888...
 
mmmmining said:
What a wild dream. It will value BMN over $30 per share. I am happy if BMN can find 30,000t.
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Thanx Chris ,you're real quick with figures.....I'll bookmark your estimates & later on use them to bombard the press,media,analysts,etc.. but only after BMN can confirm depths at 2-300 metres for Anomoly A...............AS you say they have to start somewhere to get a JORC A.S.A.P......otherwise who can wait for a zillion pounds in10 years !!!!............we want Uranium like......now !!!
Question??...Who can tell me how long will BMN be getting into production.????... open cut is easy...paladin has railway lines operating....& mill available to process ore (at a price)........if it's too hard don't worry coz I will be writng to M.D. to ask anyway.!!
captjohn
 
No sooner than 3 years IMHO. Realistically probably 4-5 years. Which is still considered medium term in my books.

Defining a commerical JORC will take about 12 months. It takes freaken one month to assay a core. :banghead: :banghead: Surely that'll improve.

PFS about 6 months but can start once confidence levels improve.

BFS about 12 months and can start before PFS completion?

Mine construction about 12-18months? but can start before BFS completion.
 
jj0007 said:
No sooner than 3 years IMHO. Realistically probably 4-5 years. Which is still considered medium term in my books.

Defining a commerical JORC will take about 12 months. It takes freaken one month to assay a core. :banghead: :banghead: Surely that'll improve.

PFS about 6 months but can start once confidence levels improve.

BFS about 12 months and can start before PFS completion?

Mine construction about 12-18months? but can start before BFS completion.
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Befor that,China is ready to bmn as thier own supplier of uranium. contract will be in the table within 12 month ahead of prodcution. like pdn,pnn,unx
 
BMN can learn from Bendigo Mining, cutting corners.

Mining first, and define the resource later. I am happen with that. Wouldn't you? I can bet money that Chinese will do what I said...
 
jj0007 said:
No sooner than 3 years IMHO. Realistically probably 4-5 years. Which is still considered medium term in my books.

Defining a commerical JORC will take about 12 months. It takes freaken one month to assay a core. :banghead: :banghead: Surely that'll improve.

PFS about 6 months but can start once confidence levels improve.

BFS about 12 months and can start before PFS completion?

Mine construction about 12-18months? but can start before BFS completion.
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PDN looking for SMM, can anyone till me when SMM will be ready for production,4-5 yrs.
 
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