James,A lot of holders subscribed 0.2c capital raising offers...

James,

A lot of holders subscribed 0.2c capital raising offers AND free options. Now options valued at 0.2c by themselves.

Many people have benefit from it 0.2c capital raising (4X return + options).

LOOK AT DML (DISCOVERY METALS). DML completed feasibility study (I think cost them millions) and started mining using DEBT. Now DML market cap is $15m with $150m (10X of market cap) of debt, and cash flow negative (due to low grade, interest payments).

Put this way $150m debt, interest payment of 8% is $12m p.a.(3 times BML market cap gone to bankers to redecorate their offices).

BML giving up 70% of project that IMHO saved at least $200m-$300m of feasibility study cost and mining CAPEX.

Also BML's admin cost is lower than DML.

Further, BML has massive areas NOT include in this JV project. The areas included in JV project is tiny compare to other areas NOT included.