BYR has assets other than Mansounia. If you valued Mansounias gold @$10/Oz which is very generous but equal to half the market cap our share would be $1.5 M
Tengrela has 750k ozs not 5 mill. Royalties on all @$6/oz woul be $4.5 mill which needs some discounting for time value of money.
PRU do we still have 2 M shares?I lost track long ago.If so 6M good.
The other asset we have of course is the drill rig costing 3m if my memory goes back that far in 2007 I think.
We do have some liabilities in the form of management which is changing
CIG Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held