MSR 0.00% 0.4¢ manas resources limited

Vaguely comparable sale?

  1. 7,106 Posts.
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    GMR today announced the sale of their Balogo project in Burkina Faso for USD 10m or AUD12.8m and a 1% NSR.

    Balogo Inferred Resource of 850,000 tonnes at 6.8 g/t gold for 185,000 ounces at the Netiana Lodes (0.5 g/t gold lower cut-off ).

    Per ounce - USD54/oz or AUD69.23/oz for inferred ounces and no BFS (several million cost).

    Big stagger of payments too.....

    The point is deals are getting done!
 
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