MYL 0.00% 7.0¢ myanmar metals limited

1. Huge share dilution coming. 2. Indicated JORC is 9.1% zinc...

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  1. 28,706 Posts.
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    1. Huge share dilution coming.

    2. Indicated JORC is 9.1% zinc equivalent with 25% silver content. Silver generally has lower recovery.

    3. Burmese govt profit share is unknown but estimated in broker report to be as high as 50%.

    4. These factors potentially greatly reduce the upside for MYL (from what at least I previously had).

    5. It is illogical raising $35M without knowing the Scoping Study.

    6. The impression is MYL made a serious error in planning in previously believing they could issue a Scoping Study without a Indicated JORC.

    7. Thus, you people are speculating.
    Last edited by ddzx: 24/05/18
 
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