gold juniors, page-27

MSR looks to be a good one if you can handle sovereign risk. Today's announcement derisks the project a lot especially for financing.

Oversold of late as investors sell in fear of gold price,project being nationalized and local protests.

The government is thinking of nationalizing Kumtor (main gold mine in Kyrgyzstan) due to environmental damage and dodgy deals between the former prime minister's son and overthrown government. This has nothing to do with MSR as they obtained their licences through proper channels and reflected in today's announcement.

Could be a dark horse for 2014. Being one of the few juniors out there with a robust BFS able to make a buck at low gold prices.


C1 cash cost $387 per ounce
C3 cash cost $676 per ounce (after capital and tax)
Capital required $41m
Payback period 12 months roughly

*ps ididwork mentioned it above in more detail. credits.