Do the quality of our permits match those qualitys of our management crusader?
Firstly, as were going to use our own drill rig on this robust prospect -Mailisu No.2,outside of wages for the drill crew,it should be a relatively cheap drill for us on a 100 percent basis.
Secondly ,it would appear we do have some considerable assets.
149km single licence
JORC compliant resource of 1.08Mozs of Gold
70% interest earned by funding to bankable feasibility study
Government 15% (+ 5% royalty), Vendors 15%
Burey Gold Ltd has announced a resource on the Mansounia gold project in Guinea. At a 0.7g/t Au cut-off, the resource is 437,000 oz at 1.0g/t Au (67,000 oz indicated and 370,000 inferred). Burey will commence a delayed drilling program to follow up on open ended higher grade gold mineralisation. Burey can earn an interest in the project by completing a feasibility study with at least 200,000 oz gold reserves, at which time Caspian�s equity would reduce to 7% and Caspian would be entitled to a US$500,000 cash payment. Mansounia is located 2km south of the operating Kiniero gold mine.
http://www.caspianogl.com/other_assets.61.html
I may be going over the top,but I dont think so, as the resource at Mansounia,is JORC compliant,this should have being SP sensitive.
Moreover we should be in negotiations to sell our share in this goldmine,were a bloody oil & gas company.
The proceeds of this sale,would put us on the financial footing necassary to increase the SP,who and why are they holding this comapny back?
Raider
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