I invested in BYR and benefited from the run up recently and Mansounia to me was there stand out asset so attribute what value you will to CIG
With Trengela you are absolutely correct I misread the resource statement on PRU's website as it has this writen
"Totals >0.4g/t (0.5g/t Tengrela"
for some reason I assumed that the line there was for Tengrela alone my mistake, it looks like its between 1M oz's - 1.5M oz's
so really we'd only be looking at $6m-$9m in terms of royalty using optimistic parametres
Im pretty sure it was 2M shares though given my mistake with Tengrela estimate I could be wrong again
I didnt know about the drill rig, wonder if its still worth that or if it depreciates like a consumable type asset the older and more worn out it gets?
food for thought
CIG Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held