Bear Thesis for BML, page-7

Input without the insults and threats on the other threads is a nice change. Just a few rebuttal thoughts.

1. Quality management who have taken companies from developer to miner in the past. (but missed all their own milestoneson this projectwhich requires more weight)
2. Management spends cash wisely. (but because of 1 have had to use an unusual capitalization facility to stay afloat)
3. Have increased our footprint in the area with the manbarrum and 8 mile acquisitions at low cost. TICK
4. Keep seismic discovery which has found zinc, increasing the likelihood of more economic mineralisation to extend mine life and add a zinc circuit. (they may never mine the zinc)
5. Shallow, open potable TICK
6. Lowest quartile cost producer (they need to produce first - no plant, not production)
7. Tier 1 mining state and country TICK
8. Recent quality finance sorted taking away the need for a cap raising (its an atypical facility which will place down pressure on the sp when AC cash in)
9. Upcoming drill program being prepared to confirm and expand the keep discovery. (potentially)
10. Located in northern Australia making NAIF funding a possibility (nothing but crikets for months so unlikely and having Chinese ownership doesn't help)
11. Upcoming MRE TICK

I think its fair to say, this is not the extravaganza investment some on these threads purport it to be.