BML Right Partner Right Place!!!, page-121

Valin, you're too negative.

I just made more than 10 FOLDS in MOD. They have a copper project in Botswana next door to bankrupted DML (Discovery Metals). MOD has no cash, $2m in debt in worse situation than BML in that regard. But MOD sold 30% of their Botswana project to UK AIM listed company for multi-millions. I heard that UK company is very smart investor, unlike you been so negative towards commodities. I certain done well.

Billionaire Kiwi Todd wants to buy FMS (iron ore project stuck in nowhere, high cost OPEX).

Even PDY (iron ore in Midwest requires $7 billion to build port and rail, high cost OPEX) got $2m placement at massive premium valued PDY around $25-30m.

BML can sell their 30% stake for a few millions. It depends on how good PV is in finding another company to sell or sell to BCL. A few million, BCL can potentially pick up the rest of project and will make easier for them to develop.

Than BML can do back door listing. I'm sure PV has several ideas in mind.

IMHO it is too late for holders to sell out (should have sell out much earlier and at higher prices). It is not dead end for holders at this situation. Look at MOD, they were at 0.4c 1 billion shares on issue, $2m debt, no cash... but managed to turnaround quickly in less than 1 month.