re: Ann: DECEMBER 2010 QUARTERLY SECURITIES E... Don't...

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