Ann: Manas Expands Project Portfolio in Cote D'Ivoire, page-9

Amazing project acquisition. Can only credit managements negotiation ability to secure such an exciting exploration project for peanuts. Phil has done a solid job here - Only 2m US for 70% ownership of what could be 500k oz+ of high grade gold next door to both Tongon and Sissingue. Any discovery will be mined at very little cost, haul truck style. $9.5m cash in bank, fully funded, all for less than $15m mcap... I'd say MSR is the best value opportunity in gold exploration on the ASX atm.