Agree. What many of the uranium analysts are perhaps neglecting...

Agree.
What many of the uranium analysts are perhaps neglecting is that we are looking at a structual change in the uranium market as there is a growing number of reactors which will mean that there is an ongoing demand for more uranium for as long into the future as we can see (will thorium come along?nuclear fusion? -all pie in the sky at the present).

Thoughts are centred around the next bull run and it is certainly occurring,however financiers and offtake partners will be looking for continuity of supply over the next couple of decades and hence not just readiness to catch the bull but for a long life project.They had their fingers burnt last time around.

AS speculators we want to catch the bull run,but in stock selection it would be wise to consider what the industrial players want,as these will be the stocks to win over finance and offtake agreements..

By drilling we get a good chance of growing the resource and attractiveness to industry investors.

BTW BMN has not issued a time line to production yet which is an excellent catalyst for SP growth, although they are moving forward.Suspect that they will suprise the market with offtake and financing arrangements.Even with these in place and BMN "ready to go" it would take a min. of 2 years to bring on line.What will the U price be then.......$100??
ps we are ahead of DYL the market darling,and ahead of VMY. The other contenders are BOE which is the leader of the pack as far as time is concerned, and AEE with its Tiris project for lowest OPEX and CAPEX +Vanadium credits +may end up being the first of above to actually produce uranium, however in terms of resource size,BMN is looking good!