ROYALTIES!
at current price it`s a no brainer
- shares of T.PRU
- two PRU Royalties on expected 200k p.a. gold production
- 2 other gold projects
- 1.1million cash left
- a drill rig owned by the company
SO: even if all their oil+gas exploration is a miss, wait for Anglo Pacific or Royal Gold make a bid, their royalties are worth 15million minimum. 0,5% NRS on 200k ounces production is about 5-6million @ current gold price per annum
