The valuation of any sale to whatever company would be for bawdwin mine, not MYL as a company. So we get $1 for the mine, of which only 51% comes to MYL, and of that 51% MYL take x% for running costs (bonuses, or looking for some other ground, probably not in such a risky environment) and the rest is split between shareholders as a special dividend. And the shareholders still have a holding in MYL (the company, with its useless other tenements in myanmar (for years at least)) which it's share price would probably near enough to awful.
Its the best scenario I see, sell it, hold working capital, divvie up the rest and find other tenements.
MYL Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
