John Lamb, Executive Chairman and CEO, commented:
“Bawdwin is a big deposit. Our Indicated Mineral Resource estimate published on 21st May was already larger than the total resource of many base-metal development projects in the world and to achieve an increase of close to one quarter is a boost to an already impressive Indicated mineral resource.
Our drilling focus will shift to the Shan and Meingtha lodes along strike from the main China lode in the coming months as we move quickly down the feasibility path.”
Keep in mind they have 8 kilometres of open strike, gossans on surface all over the shop and the potential to turn this project into something VERY big. Yes, lots has to drop into place but they have a talented team and a great ownership structure. If they can look after the locals on the ground as well (no reason to believe they wont) then they should build the empire. Unless of course Perilya makes them an offer they can't refuse. Having Mark Creasy with a blocking stake leads me to believe any offer would have to be attractive.
MYL Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
