OTCQX:BNNLF - Post by User
Comment by
rktennon Dec 07, 2007 1:25pm
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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.