dfs released, page-17

You're onto me Ferretous Lol.

Nice prediction on the NPV.

RE the License - near the bottom of the report under 'Permitting' it sounds like the licencing is pretty much a done deal as it states ..."the Shambesai Gold Project will be entitled to the issue of a mining licence."

________

"Manas Resources Limited has recently resubmitted its TEO Report (Russian interpretation for Technological and
Economic Justification Study) for approval by the Mineral Resource Committee on behalf of the Government of
the Kyrgyz Republic.

The report shows that Manas has delineated sufficient gold reserves to justify the grant of a mining license as
currently the Shambesai Gold Project is held under the Isfairamsai exploration permit. The next step is for the
Mineral Resource Committee to convene and approve the report where, upon approval and payment of a bonus
fee or tax (which is a one-off payment for the right to use the subsoil for geological research and exploitation of
mineral deposits), the Shambesai Gold Project will be entitled to the issue of a mining licence."
_______

Just a matter of time till a few gold bugs crunch the numbers and wake the market....

Cheers
KL