BRW 0.00% 1.2¢ breakaway resources limited

THIS IS MINOTAURS PART MEDIA RELEASE "Minotaur Exploration...

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    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
    WHAT IS GOING ON

 
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Currently unlisted public company.

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