MSR released DFS today... Reviewed by Snowdens international.
Average Cash cost: 411$ Average production: 53000oz/year gold IRR: 96% Project life: 4.5 years Payback period: 10 months Capex required: 32m$ (Includes contingency and extras) Cash on hand at the moment: 10-12m Market cap: 33m Roughly net cash flow of 50m$/year (At gold price of 1500$)
Project life a bit short but they are only considering the oxide materials which is less than 30% of their JORC 1.25m.
PRU, Macq Bank, Asian lion bought in at 20c recently. PRU is an asx 200 goldie...holds 24% of MSR. Their MD is a director and provides technical assistance.
