Ann: Quarterly Activities Report, page-6

Ivory Coast is where it’s at;


There are currently four operatinggoldminesinCoteD’Ivoire;Ity,Tongon,andBonikro(NewcrestMining),withPerseusMining’s Sissingué mine pouring its first gold in January 2018. Both the Gonsan and Bouaké Nord project areas are early-stage, strategically-located holdings over highly prospective Birimian greenstone belts.

Sorry for the bad copy and paste but we all know:

1. Perseus just started producing in Ivory Coast therefore local experience
2 We all know MC used to lead Perseus, well aware of Ivory Coast potential
3. Perseus are on the register of Manas
4. Manas have stated they want to prove up and move on

All this to me suggests that PRU and maybe Resolute are using MSR as a vehicle for further discoveries to increase there reserve base and allow for future expansions. They recognise the experience of the MSR team and would be happy to come in when the ground work has been done to take the project on or to JV or whatever for a tidy sum. We will see some drilling action this year no doubt. MSR is the only company I have seen Mark Calderwood buying shares on market.