Just spoke with management this morning (excuse the delay) and things to note:
- SP action yesterday surprised management with no underlying factor as to why the sudden drop. He re-iterated all is actually going very well and the company continues to progress further to development.
- Drilling is to commence "very soon"
- A project wide comprehensive study and evaluation to be completed in the short term to fully understand the scale of the resource
- Myanmar government relationship with MYL on good terms and extremely helped by our JV partners. Didn't have any concern over this which was fantastic.
- in-fill resource drilling, a regional exploration program, metallurgical studies, PFS results, offtake negotiations and BFS results are the short and medium term catalyst.
- Management seemed particularly upbeat and actually had quite a upbeat tone when discussing the resource mentioning that the up and coming drill programs will reveal that MYL's resource is a lot larger than people think
I have complete confidence that MYL will deliver. Also, for those wanting to know.....Myanmar Metals will be showcasing at the up and coming Mines and Money tour around the globe
For those who can wait, patience will be rewarded IMO.
