-Average life-of-mine cash costs (C1 costs excluding royalty) of US$387 per ounce of gold, placing Shambesai in the lowest quartile of cash costs for gold producers worldwide -Total life-of-mine costs (C3) after capital and tax estimated to be US$676 per ounce of gold -Capital expenditure to first gold pour of US$41M with an expected pay back of 11 months -Post-Tax Net Present Value (NPV) of US$105M with an Internal Rate of Return of 67% at an 8% discount rate and US$1,400 gold price
At a market cap of around ~10mil, it sounds too good to be true. That's because it is. MSR is in Kyrgyzstan and looking to secure finance.
