CIG 0.00% 6.0¢ caspian oil & gas limited

was looking over Caspian again over the weekend and have to...

  1. 7,117 Posts.
    was looking over Caspian again over the weekend and have to agree when you look at it the company is an Oil and Gold play not just an oil play.

    Its Oil interests are

    1. 100% of its Kyrgyzstan Oil projects after STO withdrew

    2. Earning a 20% interest in Romania with ADX and others

    but its Gold interests are as follows

    1. 15% free carried interest in Mansounia Gold project in Africa where BYR is earning 70%, BYR has recently run from 4c to hit a high of 12c a 300% return and yet CIG's 15% interest in this project has gone unnoticed it seems

    2. 2M shares in PRU which say $3 is worth $6m to the company or about 0.0045c a share

    3. A 0.5% royalty over PRU's Trngrela Project which is JORC'd at over 5M oz's now. Not sure what this is worth but royalties are paid on every ounce of gold produced Im pretty sure not profits so if they were to produce 5Moz's at Trengrela and sold it for gross $1200/oz = $6Billion 0.5% of that = $30m 2.2c a share

    I wonder if PRU would try and buy this off CIG


    Just imagine if CIG held all their PRU shares I think they had 20M or more to start off with Jumping Jilikers that would be a MOTZA
 
watchlist Created with Sketch. Add CIG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.