Bannerman Resources (ASX:BMN) - Feeling like we could do right
Matthew Gordon, Ptolemy Capital
Interview with Brandon Munro, CEO of uranium developer, Bannerman Resources (ASX:BMN)
Munro has been guiding us through the complexities of the rapidly changing uranium market. But today we talk to him about his uranium company Bannerman Resources.
Etango, their asset, is in Namibia. A country well versed in uranium mining with two of the world's largest uranium companies, Rossing and Husab, operating there. Munro talk us through optimisation of the DFS, but also explains why he is no hurry to complete it. Seems counterintuitive but his rationale is solid. We also address the most common question that detractors throw at the company, the CAPEX is just too big for them to be financed. He gives us his answer to that, and also talks about contingency planning.
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