Additionally, as another poster mentioned on a different thread, Cote D'Ovoire is adjacent to Mali, where RSG have their Syama gold mine. RSG themselves are looking at expanding their mining in this area and have released an announcement of high grade intercepts that suggest expansions are viable just today.
The Mbengue permit that MSR have access to is within 200km of these RSG operations, so it would not suprise me in the least if MSR's decision to drop the VGP project is directly related the direction that RSG are moving in and the decisions that they are making in the Mali/Cote D'Ovoire region.
They have more than likely consulted amongst companies and come to the conclusion that development in the Mali/Cote D'Ovoire region is where the future looks brightest and that VGP would only hinder things.
As another poster eloquently put it, "the handbrake is off".
MSR Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
