approval and producing at $400 an ounce, page-43

Spec & LeDerp,
I cannot agree with you more on all the points you have made with exception to the claim that the possibility of a 5 bagger on these prices is quite possible.

It was around the time of the Japanese disaster that MSR was first brought to my notice. I can honestly say I have never heard my broker sound so excited about a speccy On the strength of research I purchased my first parcel for around 24c.

Since then further research and questioning has convinced me my broker's excitement was justified. At the price then he thought a 4/5 bagger was entirely achievable ( ie $1.00 - $1.25)

Today I am more confident of achieving and even surpassing this price. As you gents have indicated the numbers are very very sound. I am of the opinion further drilling will prove to be most beneficial. It is my belief financing is well under control and in the next 4-8 weeks some major announcements will be forthcoming in relation to a number of matters.

There have been issues in the past with the government and these may surface again but I feel the question of political interference is now minimised.

Where else is there a small cap goldie with such reserves and potential for further noticeable increases? Add to this a very very good management team, low operating expenses, the support of PRU, a relatively small number of shares on offer and the ever rising price of gold.

IMO on today's prices you are selling yourself short with talk of a 4-5 bagger. Maybe I’m a dreamer but I can see $ signs appearing in front of the SP in the foreseeable future. Patience will be rewarded.

Cheers
Pictorella