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7.0¢ myanmar metals limited

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747 Posts.

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15/08/18

13:10

Post #: 34952184
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Originally posted by Hsinvest ↑

Spoke to management about the Scoping Study. According to ASIC and the ASX Myanmar was recommended to hold on the release of the scoping study as resources that are considered "inferred" are not considered and weighted in the total JORC or 'reserve'. So essentially they are waiting for this current drill campaign to confirm the total resource 'measured' and 'indicated' which I have been told will be much larger than first thought. Was also rest assured the market will receive an update very soon.

I actually think it is quite smart to hold the scoping study results to allow time for the drilling campaign to indicate a much larger "measured and indicated" resource and therefore show the market what Myanmar Metals really has.

All the best, I'm off to walk the dog.

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I note they will release a SS for China pit in a few weeks.

Nice, clearly laid out path and timeline for us to keep them to

MYL Price at posting: 7.0¢ Sentiment: Hold Disclosure: Held
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