BAN: Heap Leach for Etango

GEORDIE MARK, Haywood Securities (12/07/2010)
"Progress on the Etango Project leads to a preference for a heap leach approach, but project timing is expected to potential production commencement starting 2015. . .We outline a ~24-year mine life. . .and a production rate of range of 5-7 Mlb U3O8 per year. BMN received an Environmental Clearance (EC) from the Namibian Ministry of Environment and Tourism in April 2010 for the development of the Etango Project."

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