are we an oil stock or a gold stock?, page-6

Have to correct a few things.

BYR has assets other than Mansounia.
If you valued Mansounias gold @$10/Oz which is very generous but equal to half the market cap our share would be $1.5 M

Tengrela has 750k ozs not 5 mill.
Royalties on all @$6/oz woul be $4.5 mill which needs some discounting for time value of money.


PRU do we still have 2 M shares?I lost track long ago.If so 6M good.

The other asset we have of course is the drill rig costing
3m if my memory goes back that far in 2007 I think.

We do have some liabilities in the form of management which is changing