9.7m Cash in the bank - Acquiring the VGP in Tanzania which had a historical 1.2moz in resources (Formally owned by Resolute) RSG subsequently bought up 20% of MSR on market.
MSR also just acquired two fantastic projects in the Ivory Coast, one of them surrounding Endeavour Minings Ity gold mine (2.9moz) with 80km of untested strike.
Current mcap of MSR is only around $13m... dirt cheap, such a low EV and fully cashed up.
GMR also isn't that bad, cash position could be better though, will be interesting to see the upcoming JORC.
GMR Price at posting:
4.0¢ Sentiment: None Disclosure: Not Held
