Bannerman Energy Ltd BNNLF

Energy

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.

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Bannerman Energy Ltd

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Comment by vijay99on Mar 25, 2012 10:53pm

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Post# 19716367

RE: RE: why no uptick

I have read the PFS results, at $80 this project has a terrific NPV, and solid NPV at $70, they have a large scale project in a stable jurisdiction but very low grade. Most projects outside Athabasca need a $75-80 spot price to be feasible. Not just me saying this Len Jubber himself and Paladin's CEO say the same thing.

I am just suprised that while other uranium names have increased, this one has not. It's actually one of my favorite names, considering other projects can be profitable at 60 per pound long term, bannerman can't. It's a fact.

If they can get the price to $35 that would bode well for shareholders for sure.

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