guess the sp after trading halt lifted

Suppose the TEO is approved, I dare say we might hit over 25c in the coming days. This has been the biggest roadblock in our way since last year.

PRU, Macquarie, Asian Lion have all invested at ~20c. On top of that they underwrote the options at a premium when the sp was trading around 16c.

http://www.asx.com.au/asxpdf/20110930/pdf/421gz599n8xcnr.pdf
http://www.asx.com.au/asxpdf/20111205/pdf/4232h4dtmj3ql0.pdf
http://www.asx.com.au/asxpdf/20101231/pdf/41vznfvz9j62jc.pdf

These guys hold 44% and are in for the long term. I suspect institutions have been waiting for the green light from Kyrgz before putting up more money. We shall see in the coming weeks.

We had massive drill hits and never had a trading halt.. so i suppose this is something big for MSR.

Am i aiming too low? The NPV is 148m at 96% IRR. That is 0.65$ a share. The 96% IRR is very important because it shows the quality of the investment. Just look at MYG... their project is considered a premium project with 43% IRR at 1700$ gold. Ours is based on a 1500$ gold price.

Then there are "other things".
Cash balance of 10m, 1m oz (Total gold is 1.25m oz but the DFS accounts for only 250koz!), 4000km2+ tenements.


MYG has reached over half the NPV of their DFS. Let say we hit a third due to sovereign risk... add in 10m cash (No sovereign risk there!) that gives us a number around 60m market cap.... divide 228m shares and this gives us 0.26c+... I won't rule out 30c, just have a look at sell depth... less than 450k shares for sale.

Fair assessment? I think so. Unless of course TEO is rejected and i go to the bar and call in sick for work.