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Bannerman Energy Ord Shs BNNLF

Bannerman Energy Limited is an Australia-based uranium development company. The Company's flagship asset is the 95% owned Etango Uranium Project that is located in the Erongo Region of Namibia, approximately 30 kilometers south-east of Swakopmund. The Etango Uranium Project possesses a uranium mineral resource endowment of 207 million pounds (Mlbs) of contained U3O8. The Etango Uranium Project is an undeveloped uranium deposits, located in the Erongo uranium mining region of Namibia which hosts the Rossing, Husab and Langer-Heinrich mines. The Company's subsidiaries include Bannerman Mining Resources (Namibia) (Pty) Ltd, Bannerman Energy (UK) Limited, Bannerman Investments Pty Ltd, Bannerman Energy Canada Ltd and Bannerman Energy (Netherlands) B.V.


OTCQX:BNNLF - Post by User

Bullboard Posts
Comment by rktennon Dec 07, 2007 1:25pm
137 Views
Post# 13986082

RE: Massive profits lie ahead

RE: Massive profits lie aheadHi everyone. Yes compared to the Athabasca Basin the grades are low, however how many mines have they developed there over the last few years. ZERO. The Athabasca Basin is like looking for a needle in a hay stack. With uranium explorers in Nambia you might have low grades, but you have high tonnage, and low grades don't matter if you have high prices for uranium that we have today, probably going higher again, IMHO. Also you can build a mine in Nambia in a short time period, while it will take a decade if that to get a mine in Canada going. Look at PDN for example, and it has a small mine in Nambia. BAN has a Rossing type mine, as Champ said, and it might even be bigger than Rossing IMHO. What is the use of high grade, if you can never get it out of the ground, or even find it? Today what you want is low grade, easy to find, easy to mine, in a place where they will let you build a uranium mine. BAN has the best ground in Nambia, and the best and fastest mangement team to get things done. That is one great combination, IMHO. IMHO, this will be one of the stocks of this decade, and I really mean that. Don't believe me. Just watch this space over the next year and see for yourselfs.
Bullboard Posts