City....with respect I was pointing out how hopeless some broker analysts are. Imagine selling to a fund or private investprs on the basis of analyst's valuation at 50p or 60p to see a 5.5p offer 18 months later. Capex is very important and the Bawdwin project cost will be nearing $ 300 million possibly on expansion plans but will await DFS numbers.
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Argonaut Research Note on Myanmar, page-25
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