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A stock with a MC of $21m, $10.6m available to them and a small, but high margin gold mine, with cash costs of $411 per ounce and a capital cost pay back of 10 months, possible in the future.
Not the worst scenario!

MC - 21m
SP - 9c
Shares - 228m
Options - NQ
Cash - $10.6m

Shambesai Gold Project – Definitive Feasibility Study (DFS)
 Projected net cash flow of US$208M after recovering capital expenditure of US$37M from the production of 245,000 ounces of gold at an average grade of 2.8 g/t gold over an initial 4.5‐year mine life (at US$1,500 per ounce gold price)
 Mineral Inventory of 3.2M tonnes at 2.8 g/t gold for 285,000 ounces includes a Probable Reserve of 2.5M tonnes at 3.0 g/t gold for 245,000 ounces of gold and additional Inferred material of 0.7M tonnes at 1.9 g/t gold for 40,000 ounces of gold
 Average life‐of‐mine cash cost (C1 costs) of US$411 per ounce from processing entire 285,000 ounces, placing Shambesai in the lowest quartile of cash costs for gold producers worldwide
 Recent successful Leachwell™ analysis on additional sulphide material highlights the potential to increase reserves and production rates beyond the Shambesai Mineral Inventory in the DFS
 Kyrgyz Republic Government announced the formation of the State Licence Committee, which has begun the process of reviewing mining applications and has recently awarded two mining licenses to other applicants Exploration
 Manas’s extensive landholding in the Kyrgyz Republic includes 54 prospects with only six drilled to date for a Resource base of 1.25Moz of gold
 Regional exploration is underway on 6 prospects, including a full regional review and ranking exercise under the guidance of a consultant with extensive experience in Carlin style mineralisation and deposits

<blockquote data-quote="springhill" data-source="post: 723321" data-attributes="member: 9415">A stock with a MC of $21m, $10.6m available to them and a small, but high margin gold mine, with cash costs of $411 per ounce and a capital cost pay back of 10 months, possible in the future.Not the worst scenario!MC - 21mSP - 9cShares - 228mOptions - NQCash - $10.6mShambesai Gold Project – Definitive Feasibility Study (DFS) Projected net cash flow of US$208M after recovering capital expenditure of US$37M from the production of 245,000 ounces of gold at an average grade of 2.8 g/t gold over an initial 4.5‐year mine life (at US$1,500 per ounce gold price) Mineral Inventory of 3.2M tonnes at 2.8 g/t gold for 285,000 ounces includes a Probable Reserve of 2.5M tonnes at 3.0 g/t gold for 245,000 ounces of gold and additional Inferred material of 0.7M tonnes at 1.9 g/t gold for 40,000 ounces of gold Average life‐of‐mine cash cost (C1 costs) of US$411 per ounce from processing entire 285,000 ounces, placing Shambesai in the lowest quartile of cash costs for gold producers worldwide Recent successful Leachwell™ analysis on additional sulphide material highlights the potential to increase reserves and production rates beyond the Shambesai Mineral Inventory in the DFS Kyrgyz Republic Government announced the formation of the State Licence Committee, which has begun the process of reviewing mining applications and has recently awarded two mining licenses to other applicants Exploration Manas’s extensive landholding in the Kyrgyz Republic includes 54 prospects with only six drilled to date for a Resource base of 1.25Moz of gold Regional exploration is underway on 6 prospects, including a full regional review and ranking exercise under the guidance of a consultant with extensive experience in Carlin style mineralisation and deposits</blockquote>

[QUOTE="springhill, post: 723321, member: 9415"] A stock with a MC of $21m, $10.6m available to them and a small, but high margin gold mine, with cash costs of $411 per ounce and a capital cost pay back of 10 months, possible in the future. Not the worst scenario! MC - 21m SP - 9c Shares - 228m Options - NQ Cash - $10.6m Shambesai Gold Project – Definitive Feasibility Study (DFS)  Projected net cash flow of US$208M after recovering capital expenditure of US$37M from the production of 245,000 ounces of gold at an average grade of 2.8 g/t gold over an initial 4.5‐year mine life (at US$1,500 per ounce gold price)  Mineral Inventory of 3.2M tonnes at 2.8 g/t gold for 285,000 ounces includes a Probable Reserve of 2.5M tonnes at 3.0 g/t gold for 245,000 ounces of gold and additional Inferred material of 0.7M tonnes at 1.9 g/t gold for 40,000 ounces of gold  Average life‐of‐mine cash cost (C1 costs) of US$411 per ounce from processing entire 285,000 ounces, placing Shambesai in the lowest quartile of cash costs for gold producers worldwide  Recent successful Leachwell™ analysis on additional sulphide material highlights the potential to increase reserves and production rates beyond the Shambesai Mineral Inventory in the DFS  Kyrgyz Republic Government announced the formation of the State Licence Committee, which has begun the process of reviewing mining applications and has recently awarded two mining licenses to other applicants Exploration  Manas’s extensive landholding in the Kyrgyz Republic includes 54 prospects with only six drilled to date for a Resource base of 1.25Moz of gold  Regional exploration is underway on 6 prospects, including a full regional review and ranking exercise under the guidance of a consultant with extensive experience in Carlin style mineralisation and deposits [/QUOTE]

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