re: Ann: DECEMBER 2010 QUARTERLY SECURITIES E...
Don't underestimate those mineral projects
Mineral Projects Caspian retains mineral assets where exploration is funded by other companies. These are: ?h shares in listed mineral explorers valued at approximately $4.3 million; ?h 0.5% royalties on Perseus Mining Limited??s Tengrela Gold Project in Ivory Coast and Grumesa Gold Project in Ghana; ?h the Mansounia gold joint venture with Burey Gold Limited in Guinea; and ?h two diamond joint ventures, one in the Democratic Republic of Congo (??DRC??) and the other in Ghana.
Those royalties over PRU's projects as well as their 15% free carried interest in BYR's Mansounia to me could arguably be worth CIGs current market cap
CIG Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held