Well I was at the BYR AGM , Mansounia will in all likelyhood go ahead next year. I specifically asked at what study would BYR be liable to pay CIG the $500K and CIGs stake drop from 15 percent to eight percent. It would be the BFS. So heres the kicker,will CIG keep its stake in Mansounia,if it does how will it pay its share of the mine development? Potentialy it could forward sell its NSR royaltys from Tengrela,possibly earn enough from Tengrela per year to afford debt(not to sure),would anyone want another CR?
If I hadnt attended the BYR I would have gone to the CIG AGM,GP has got to go.
I wonder what this new Krgyz director thinks he can do.
Raider
CIG Price at posting:
7.0¢ Sentiment: None Disclosure: Held
