Ann: Initial Resource of 35.9 Million Pounds U3O8, page-14

re: Ann: Initial Resource of 35.9 Million Pou... MRU have a lot more cash, especially the well in the money unexcerised oppies. Grades from BMN are inferior. Opex and initial capital costs at MRU would on face value be cheaper than BMN, taking into account water, depth, blasting, cutting and mineralisation (sandstone vs alaskites) type.

Risk with MRU as Argonaut state (see MRU website for their 19 Feb document) is the soverign risk and Selous Game Park. Argonaut seem to think (well maybe MRU seem to think as Argonaut would have been paid by MRU for the broker recommendation or research) that the game park reserve can simply move its boundary. Sounds that easy !..lol....Kakadu simply moves its boundary 10kms north to allow uranium mining. Thats where the risk lies, but its Tanzania and not Australia, so its unchartered waters. Otherwise, its a co. with good cash & management.

Ciao