BAN: Sector Outperformer

IAN PARKINSON, CIBC World Markets (03/28/2011)
"Bannerman was not severely impacted by our recent price-forecast adjustments due to its expected time to production. The company provided an update on the recent exploration program for its Etango project in Namibia, reported elevated uranium values at the Cheetah prospect. . .where high-grade surface rock chip samples were collected with assays up to 1,698 ppm U3O8. . .and intersected areas of high-grade mineralization at the Hyena prospect with values up to 16m at 1,021 ppm U3O8."

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