I forgot to add I think the share price can double or triple from here on government approval and securing of finance to exercise the option. I think at the moment the market looks at myl and says
project in Myanmar, negative
doesn’t own the project, only an option to buy 51% of the project, negative
doesn’t have govt approval, negative
doesn’t have financing to exercise option, negative.
So yes at this point it is extremely risky to buy shares in MYL but I have invested because I like the risk reward and potentially in 5 weeks time the last 3 negatives above are gone and MYL owns 51% of a project with potentially 100’s of millions if not billions of dollars worth of resources underground.
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