I had given up on MSC but this new venture looks good. $3m already spent on exploration and MSC already owns a significant database. If new guy Murray can raise $3m then we are on our way. $1m for acquisition costs and then $2m for first years exploration. I have done the numbers on Tiger Resources reserves next door and they have about $3b worth of recoverable copper in the ground. That's huge. If MSC can follow a similar path, and their concession is larger, then we have real blue sky. It will take time though. Tiger's production begins in 2016. So at least 3 years. What is the country risk for Congo.
MSC Price at posting:
1.0¢ Sentiment: LT Buy Disclosure: Held