CIG
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0.00% 6.0¢ caspian oil & gas limited

ROYALTIES!at current price it`s a no brainer- shares of T.PRU-...

  1. teatimenow
    76 Posts.
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    03/05/12
    10:37
    Post #: 10125707
    ROYALTIES!

    at current price it`s a no brainer

    - shares of T.PRU
    - two PRU Royalties on expected 200k p.a. gold production
    - 2 other gold projects
    - 1.1million cash left
    - a drill rig owned by the company

    SO: even if all their oil+gas exploration is a miss, wait for Anglo Pacific or Royal Gold make a bid, their royalties are worth 15million minimum. 0,5% NRS on 200k ounces production is about 5-6million @ current gold price per annum
    CIG Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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