THIS IS MINOTAURS PART MEDIA RELEASE
"Minotaur Exploration Limited (ASX: MEP, Minotaur) has backed up its proposed takeover of
Breakaway Resources Limited (ASX: BRW, Breakaway), announced today, with a separate
round of deals likely to see $9 million injected into immediate copper and gold exploration
work on Breakaway-owned assets in both Western Australia and Queensland.
The two proposals –Minotaur led joint ventures under the Company’s recently announced
alliance with a new private equity cornerstone investor – could see major work commence
on the ground at Leinster in WA and Eloise in Queensland, as early as October"
IF THIS ALLIANCE INVESTOR IS PREPARED TO INVEST 9 MILLION IN DRILLING FOR A 50% RETURN THEN SURELY BRW IS WORTH AT LEAST 10 MILLION? OR AM I READING IT WRONG
CAN ANYONE EXPLAIN TO ME AS I AM DUMBFOUNDED
1 FOR 5 IS MORE REASONABLE SCRIPT OFFER IMO
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