are we an oil stock or a gold stock?, page-7

In regards to your points

I invested in BYR and benefited from the run up recently and Mansounia to me was there stand out asset so attribute
what value you will to CIG


With Trengela you are absolutely correct I misread the resource statement on PRU's website as it has
this writen


"Totals >0.4g/t
(0.5g/t Tengrela"

for some reason I assumed that the line there was for Tengrela alone my mistake, it looks like its between 1M oz's - 1.5M oz's

so really we'd only be looking at $6m-$9m in terms of royalty using optimistic parametres


Im pretty sure it was 2M shares though given my mistake with Tengrela estimate I could be wrong again


I didnt know about the drill rig, wonder if its still worth that or if it depreciates like a consumable type asset the older and more worn out it gets?


food for thought