OTCQX:BNNLF - Post by User
Comment by
vijay99on Jun 24, 2011 5:44pm
215 Views
Post# 18763590
RE: RE: A Few Questions for the Board
RE: RE: A Few Questions for the Board
Hi Seanboy, a few corrections.
Cash costs are currently $42 per pound, long term price for the project to be viable is about $75 per lb.
There is no way this project requires $120 per lb spot price to be viable. But I agree the higher the price, the more likely to make the project more appealing.
If the long term price gets back to $80 per lb, Bannerman's deposit comes back in play.
The most likely scenario for a joint venture partner to take the project is too fund the mine and take 50% of the project.
Bannerman's site clearly has the potential to be a 300, 000, 000 lb deposit. So I agree to big too ignore!