Interview with Brandon Munro, CEO of Uranium Developer, Bannerman Resources (ASX:BMN)

Bannerman Resources is a uranium junior with a large uranium project in Namibia called Etango. The big sticking point for Etango has always been the large CAPEX: US$780M indicated in their DFS and the Africa factor.

However, today's scoping study could well go some way towards changing that sentiment. The scale of the project has been much reduced; the CAPEX is now down to just US$254M. This is now a much more manageable project and their optionality around financing has been enhanced. Bannerman Resources now has the optionality to turn this uranium project into a reality in a variety of ways.

A new PFS and DFS are now on the horizon and should follow in around 18-months. Bannerman Resources could now be primed to time its entry into the next cycle perfectly.

We Discuss: 

  • Company Overview
  • Scoping Study Results: Why Did it Take So Long?
  • What They Had vs What's Possible Now: A Look at the Numbers
  • 3.5M pounds vs 5 or 2: Discussions and Decisions
  • Options for Financing it: Cost Drop to $65
  • Middle East Becoming a Player in Uranium: Benefits and Concerns
  • Still to Come: Speed, Process, Risks, Costs
  • Market's Reaction: Does Anyone Care, Should They?
  • Mitigating Board Concerns and Issues
  • Timing it Perfectly: How Do They Know?
  • Sneak Peak to #19 of the Uranium Series with Brandon

Company page: https://www.bannermanresources.com.au/

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