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7.0¢ myanmar metals limited

Ann: China Pit Scoping Study Finalised, page-49

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densamer

1,193 Posts.

169

15/09/18

09:40

Post #: 35618567
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Originally posted by Kalenn ↑

I'd also not discount MYL as a copper play. I expect a good volume of copper to turn up over the next 3 months of the exploration program along with bonanza zinc, lead and silver.

Personally, my philosophy these days is only invest in tier one or potential tier one resources that have enormous upside. Enormous upside implies risk. Hence, don't put all your eggs in one basket and why I like both MYL and CAY. There are others but as pointed out above, you can't hold everything.

Very happy with MYL to date.

PS Perilya and finance, it's an MOU so non-binding but does telegraph current intent. I find it interesting that MYL thought it prudent to sign them to a 2 year stand still agreement as well, and that was a contract. $

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Doesn't explain why you hold AUZ - a low-grade nickel-cobalt laterite project.

MYL is definitely tier-1 with additional potential - they just need to sort out this production sharing agreement. I hope they get some tentative agreement in place at PFS stage to remove uncertainty about the financials.

MYL Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
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