- shares of T.PRU - two PRU Royalties on expected 200k p.a. gold production - 2 other gold projects - 1.1million cash left - a drill rig owned by the company
SO: even if all their oil+gas exploration is a miss, wait for Anglo Pacific or Royal Gold make a bid, their royalties are worth 15million minimum. 0,5% NRS on 200k ounces production is about 5-6million @ current gold price per annum
CIG Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held