MYL - MYANMAR METALS
- $90M Mcap
- 17M cash
- Nil Debt
- Target SP - .220 (current .075)
Myanmar Metals Limited has recently secured the option for a controlling interest in the world-class Bawdwin lead/zinc/silver/copper polymetallic mine lease held by Win Myint Mo Industries Co Ltd (“The Bawdwin Option”).This gives the company the right to acquire a significant base metals mining opportunity in Myanmar.The Company also holds substantial mineral rights base metals projects located in Arnhem Land, in the Northern Territory of Australia.
*82 Million Tonne resource which is bigger and higher grades than that of New Century Zinc who boasts a whopping $680M Mcap.
*Myanmar has similar scale and grade to that of Taylor Resource of Arizona Mining which was recently taken over by South32 for $1.3Billion USD ($1.76B AUD).
Mr Lamb said "We are on the tip of an iceberg. A world class deposit....without testing any of the upside"
