Ann: Notice of General Meeting/Proxy Form, page-5

It is pretty clear from the announcement 2 May- it is game on. 'Myanmar Metals Limited (ASX: MYL) (“MYL” or “the Company”) is pleased to announce that advice received from Myanmar government authorities allows the Company to proceed with the planned exercise of the Bawdwin option. MYL is now in the process of finalising contractual arrangements with its partners Win Myint Mo Industries Co. Ltd (WMM) and East Asia Power (Mining) Company Ltd (EAP) respectively. Under these arrangements pre-feasibility and feasibility studies will be conducted, leading to an application for approval by the Ministry of Natural Resources and Environmental Conservation and the Myanmar Investment Commission to construct and operate the Bawdwin Mine.' From my understanding a decision to purchase will be made before the expiry on May 21- this is where formal documentation will be completed for the purchase of Bawdwin. Post the announcement regarding the decision to purchase, payment for Bawdwin will be due 28 days after. MYL have been keeping it as close to the required date as possible as the moment they actually acquire the asset, then the ongoing costs associated with maintaining/taking ownership of the asset start kicking in. John Lamb and the board are very tight with MYL money and are looking after shareholders money diligently- which is a big positive.