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BMN looking wildly undervalued on latest results

December 11th, 2009

Bannerman resources an Nambia Uranium explorer is starting to look very undervalued. It currently has a JORC of 160m pounds and is valued at ~1/10th of uranium in the ground / market cap as compared to EXT. But looking at their latest drilling results it seems more than likely that they rae going to have a JORC = to EXTs or possibly even bigger.

The latest report has a diagram of their projects that indicates a strike length of approximately 10km and up to 3 km wide in places. The grades seem to be good ranging from 3,000ppm to 170ppm and are near surface. BMN is turning into a monster.

bmn-11-12-09