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7.0¢ myanmar metals limited

RDM did not include any capital or operating costs, which makes...

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ddzx

28,706 Posts.

237

08/12/17

14:18

Post #: 29487905
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Originally posted by Harrygreb ↑

Ddzx I think every case is different.

I know RDM released a scoping study on an inferred resource last year and they called it a "preliminary scoping study" and made no mentions of cash flows in order to comply with ASX rules.

It's unfortunate that companies have to deal with this sort of red tape in the Mining sector when they should be able to freely promote their project and let the market decide their fate. We have a Tier 1 asset which could see us have a market cap in the billions.

IMO I think we will get a scoping study release but it could be a watered down scoping study with no mention of cash flows and NPV, which in the short term will negate our upside.

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RDM did not include any capital or operating costs, which makes it pointless

MYL Price at posting: 5.9¢ Sentiment: None Disclosure: Held
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