This conversation between me and Brandon Munro took place on August 16, 2021.
According to Wallmine, Brandon Munro returned to Bannerman after serving as General Manager – Corporate Development and General Manager (Namibia) between 2009 and 2011. Since then Mr Munro was Managing Director of ASX-listed Kunene Resources Limited, a company focused on base metals exploration in Namibia, until completion of a reverse takeover in late 2015.
Mr Munro is a Non-Executive Director of ASX-listed technology companies Rewardle Holdings Limited and Novatti Group Limited. His commitment to community includes serving as a Trustee of Save the Rhino Trust, a high-profile Namibian NGO.
In this conversation, we talked about the current state of the uranium market, how this time is not like the uranium bull market of 2007, but more like the one from the 1970s, the effect of the Sprott Physical Uranium Trust, utilities and long-term contracts, Bannerman Energy and some more interesting topics.
00:00 Small talk
04:30 Uranium update Q2 & Q3 2021
08:17 Is this bull run like the 2007 bull run?
16:22 SPUT talks
27:10 When will the long-term price move?
34:00 Why aren’t utilities contracting yet?
39:00 Uranium price forecast
42:00 Are uranium stocks overvalued?
51:00 Bannerman Q2 & Q3 update
56:15 When will Bannerman make money?
01:01:20 What’s the NPV at $180 uranium?
01:08:00 What contracts can Bannerman expect?
01:11:30 Why is Etango so expensive to mine?
01:16:00 Much dilution to come?
01:22:45 Bannerman’s next 3 steps
01:24:00 What’s the main focus here?
01:26:30 Exploration in Namibia or outside?
01:29:00 Bannerman’s marketing strategy
01:35:10 Environmental permitting risk
01:38:00 Closing thoughts
Important notice: none of this is financial advice. None of this is an invitation to make any trades. Your capital may be at risk. Consider both of us very biased as we may own shares of some of the companies mentioned herein to our own name. You must always do your own analysis and take your own decisions. Before continuing you must read the full disclaimer at the beginning of the video.