pfs calcs $150million profit/yr amazing eps!, page-38

Lederp

You may want to revise your investment strategy with what you consider Outstanding and what you consider Crap.

MSR Outstanding?????
MSR after years of drilling only has a JORC of 1.2million ounces and their IRR looks good because they will run out of gold in only 4.5 yrs! This allows the accountants to have a small capex to produce 50,000 ounce per year.

When you calculate an NPV from future cashflows over project life it doesn't come close to Mt Kare, especially as we see JORC upgrades and Gold Reserves going forward.

MSR has a Weak shareholder registry.
When you work the NPV based on Future Cashflows MSR is only sitting at Revenues of $371Million for the entire project life before the gold runs out!

AMX Crap?????
AMX is a gold producer in Africa with 4Million OUnce JORC and growing with a $450/Oz cash cost, and this is crap?

Now compare MSR's Revenuees Total Mine Life of $375Million over 4.5 Yrs to IndoChine's $2BILLION over 8Yrs! And this is only with the current 2.1Million Ounce JORC, and we are sitting next to our Sister Mountain 28Million Ounce Porgera, with the same rocks, same mineralisation, same geology as Mt Kare.

And we have only scratched the surface at Mt Kare, literally!

Now that we have the PFS completed, Mr Promnitz and his team can commence to "Awaken the Sleeping Giant".Mt Kare.

You might want to read this presentation that Mr Promnitz presented at the Precious Metals Conference in Colorado last month below.

http://www.indochinemining.com/_literature_106507/Awakening_the_Sleeping_Giant_-_Presentation

Cheers Nectar