Ann: Market Update Progress on Bawdwin Pb Zn Ag Cu Project, page-33

Got into an initial position here , very bullish about the long term prospects of MYL , a fantastic poly metallic play albeit in a slightly risky location.
The mine worked for 80 years and has inferred resources 75.90 Mt with 4.60 % lead, 2.30 % zinc , 0.25 % Cu and 119 g/t silver ( about four oz per ton )
Only the value of silver alone is about 300 million oz x 17.20 usd /ounce = USD 5.16 billion out of which MYL eligible for 75 percent and we can assume further only 75 is extractable from the inferred resources.
So the insitu value of silver alone for the MYL eligible portion is USD 2.90 Billion and this is a realistic figure and likely to go up a lot based on resource expansion and POS which is getting into a long term bull run.
We have similarly many USD Billions in value from lead and zinc.
Also resource expansion is very much possible here as the existing resource is based on 56 KM of UG working plus 3000 m drilling done in 2017 , a lot of fresh targets exist around the present mine .
China is laying a rail line due for completion in 2018 which will be easily accessible by road from MYL mine location.
Mark Creasy is a big share holder at 3.30 cents conversion price of his loan.
I know some guys have worry over the terrorism angle and availability of electrical power for running the mine, but IMO these things are already reflected in the SP>


I am extremely bullish on silver prices over medium term and long term, POS has targets of USD 25 and USD 35 over next two years. ASX ruling has cast a doubt over the inferred resources of MYL and this is the right time to accumulate the scrip for a long term hold.