OTCQX:BNNLF - Post by User
Comment by
Einherjaron Aug 22, 2009 3:20am
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Post# 16240339
RE: RE: RE: Australian ASX Listed Uranium Stocks
RE: RE: RE: Australian ASX Listed Uranium Stocksbecause of the outstanding resource and the cheapest valuation to its peers per lb.
extract is uranium on steroids has a EV/lb over 6,50 US$, normal seems to be an EV/lb 3,50 US$ when you look at some other peers and bannerman has the greatest discount to both with an EV/lb of about 1,50 US$
have a look at the M&A activity within the uranium sector...big lowgrade deposits are in favour and i think bannerman is one of the next stocks who got taken out ore jv with another major or asian supplier.
- 21% increase in Measured & Indicated Resources from 89.2Mlbs to 107.7Mlbs U3O8 at an average grade of 208ppm U3O8.
- 40% increase in Inferred Resources from 37.4Mlbs to 52.4Mlbs U3O8 at an average grade of 197ppm U3O8.
- 67% of the total resource estimate is in the Measured & Indicated categories.
- Two thirds of the total resource estimate is located within 200 metres of surface.
- Increased mineral resource for the Oshiveli deposit comprising Indicated Resources of 12.4Mlbs U3O8 and Inferred Resources of 8.3Mlbs U3O8. Inaugural mineral resource for the Onkelo deposit comprising Inferred Resources of 20.2Mlbs U3O8.
-Resource extension drilling continues at the Oshiveli and Onkelo deposits.