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MSR, MANAS RESOURCES LIMITED
NPH
post Posted: Sep 6 2012, 11:07 AM
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Year three is the smoker - 67500 ounces at $350/oz cost.

No doubt one of the fifty untested targets will turn up another Shambessai and extend these margins and output beyond the current scope of the DFS.

Pum, the only other target dril tested and 3km from the plant, turned up an intersection of 8.9m at 2.89g/t gold from 15m on the first hole.

 
NPH
post Posted: Sep 6 2012, 10:59 AM
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http://www.asx.com.au/asxpdf/20120906/pdf/428jwkvpqkmh00.pdf

TEO approved.

Barring anything left of field the remaining approvals appear to be largely procedural. Income from Shambesai is included the state budget from 2014.

Don't expect it to go above 20c until debt funding is announced or institutional interest picks up. Is a tight register so anyone after a decent chunk will chase the price.

Payback of less than a year and small capital cost will attract positive terms.

10 million in the bank. Enough to get them through to production with little if any further dilution with debt financing.

I will top up on any weakness under 12c.

 
NPH
post Posted: Sep 4 2012, 09:09 AM
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Trading halt for TEO update. Run from 9c to 15c would suggest its a positive development. Also budget forecasts factoring in Shambesai online mean project likely to go ahead.

Luckily no community opposition like KGL.

Refractory ore not a problem as only represents a tiny portion of the plant feed according to DFS. Plant feed is mostly oxides and has an amazing strip ratio.

 
denpal
post Posted: Sep 17 2011, 06:54 AM
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I still think they will start off as already projected and use the cashflows to upscale. The project is looking better every month.

Oppies conversion coming up later this month which will boost the kitty $12M.

 
thrones
post Posted: Sep 16 2011, 12:39 PM
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In Reply To: denpal's post @ Jul 15 2011, 06:28 PM

msr targeting higher initial production rates it seems based on recent anns.

thoughts???

 
denpal
post Posted: Jul 15 2011, 06:28 PM
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In Reply To: thrones's post @ Jul 15 2011, 03:46 PM

They have a six year plan at 30,000 oz pa, first 3 years cash cost $US180/oz, then $US250/oz.

Capex $17M, payback was only 9 months at POG $US1,000. Will be a lot quicker now at POG $US1500+

Significant resource upgrade will come IMO after all this recent drilling, and drilling to come later this year.

 

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thrones
post Posted: Jul 15 2011, 03:46 PM
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In Reply To: grommit's post @ Jul 14 2011, 11:21 AM

nice post from someone on the other forum that i cant post on,
but....msr are to produce 35k ounces to start off with arnt they? not 100k ounces.



 
grommit
post Posted: Jul 14 2011, 11:21 AM
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In Reply To: denpal's post @ Jul 13 2011, 10:52 AM

less than a week for more results right? well..ill hold...could get a nice little action again next week if we hit some nice grades again!

 
grommit
post Posted: Jul 13 2011, 11:15 AM
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In Reply To: denpal's post @ Jul 13 2011, 10:52 AM

Denpal...bought a few this morning...might see some activity after lunch or around close...MORE resulkts to come...so could be a nice little ride rolleyes.gif

 
denpal
post Posted: Jul 13 2011, 10:52 AM
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Bonanza gold grade ann. today, looking better and better with still nearly 5,000m of drilling reports to come.

33.7m @ 10.74g/t is really something!!!!

 
 


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