valuation??, page-3

Its nice and quiet on here - usually a good sign a stock still has lots of upside when it has not yet become HC flavour of the month! Agree with you macduff about the multibagger potential remaining. I still expect a CR of some sort @ over the next 3-6 months but, with the soon to expire unlisted 25c options plus the listed 20c ones around the time capital will be required for production, its quite possible MSR won't need to raise more than $5m. Getting into production with under 250m shares on issue fully diluted will give MSR the cash flow to the drill the bejesus out of the Kyrgyz republic and massively reward shareholders if management prove up a 2-5m oz reserve in 5 years. That would make MSR at least a 10 bagger from here - around 60% annualised return - or a 30 bagger for those that got in earlier.