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Thanks Kalenn and agree with the sentiment on this thread, looks...

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Leeuwin1

33 Posts.

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05/02/19

12:37

Post #: 37334386
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Originally posted by Kalenn: ↑

This is massively undervalued. IMO largely due to media perceptions of the Rohinga crisis. Without entering into the merits of those arguments, I would note that China imprisons millions (whole cultures) and invades countries (Tibet for starters), Australia has a very mixed history with its earlier occupants. The US shoots Negroes at some stupid accelerated rate when compared to whites, Indonesians wipe out west Papuans and the story goes on for many of the countries on this planet. Us humans are often not very nice regardless of our nationality, race or religion.

IMO, there has been an irrational approach by some towards Myanmar. So, bringing it back to mining; The Bawdwin deposit is one of the best on the planet in each of lead, zinc and silver. It may yet surprise with copper, nickel and cobalt. It will undoubtedly grow as exploration continues, probably for decades, but in the meantime the MYL share price has been a fraction of the projects NPV. Should be up around 20c minimum at the moment and higher post PFS.

They have a tier one asset, expressions of interest to finance it and further upside. In the meantime they operate in a jurisdiction that legislatively recognises '...the guaranteed right of production for investors who have carried out prior exploration and feasibility'. Even Adani might like that one (not that I'm stating my position on coal mining, just the importance of legislatively guaranteed tenure).

Then there is the recent addition to MYL board.

Then we have partners who have been in the business for decades inside Myanmar.

Have a look at https://www.national-infra.com/ which is the owner of one of our local partners.

PS Last Argonaut valuation I saw was 40-45c then a 50% country discount. Having spent a week there, including Northern Shan State I'd say call that 50% the 'they will wake up to the opportunity in time factor' as what I experienced was an amazing country, a remarkable deposit and people wanting to get on with it, which they were.

PPS I've also noticed MYL are VERY good at keeping to their timetables. Bring on end of Q1.

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Thanks Kalenn and agree with the sentiment on this thread, looks like the market is FINALLY starting to wake up to the bigger opportunity at play here for MYL. Not only is Bawdwin already a tier-1 mine (and growing), it sits on a 10km strike so they have effectively locked up an entire mining province - backed by recent drilling which highlights the potential for multiple additional discoveries to be made!

Had a quick look at the recent trading for the past month and interesting to see the majority of the support is still coming from retail buyers (commsec) so looks like the insto cavalry hasn't arrived just yet! Plenty of upside and exciting times ahead IMO.

MYL Trading JAN.pdf

GLTAH

MYL Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
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Thanks Kalenn and agree with the sentiment on this thread, looks...

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