MSB Global Capital Corp. (MSBM)

[fazoolius]

Yeah, that whole "Rage Claim area threw me off big time when I went back to see which claims correspond to which PR. I think since the rockie and cache claims are only 30 miles or so from the rage claim, this may be close enough to say "Rage Claim area" bu I would think he would go with "PayDay claim area" and then try to tie the claim potential to the resource estimate from the 54 PayDay claims.

I am not saying that Berman has done anything wrong, it is just some funky PRs that he has put out when you go back and try to connect the dots. It does not change the fact that we have 322 mining claims, 1 approved permit, 2 more permits on the way, NI 43-101 reports due in Q4 and active pursuit of drilling equipment.

I think that the numbers seem to be reasonable however. If the entire cost of the PayDay claims is the $87600 and from the quit claims you said 10k+1,666,666 shares, that would put the PPS at around .04 a share with the allowance of some fees and so forth. My first entry in this stock was back in August 2006 when the company was still RSLI. I bought some shares at .0165 and I know they went back up to .03 range for a while before the 5 to 1 forward split. He very easily could have given up the shares at that range.

Another way to look at it is $87600/54= $1622 per claim which seems fairly reasonable compared to the others since they already had some value associated with them from the historical records.

Monday January 29, 9:30 am ET
HOUSTON--(BUSINESS WIRE)--Russell Industries, Inc. (RSDS.PK) reports the following update regarding its proven and probable reserves. When extrapolating the preliminary report from Edge Consulting in December 2006 and information obtained by the Atomic Energy Commission dating back to February and June 1955 the geo-statistical estimation of reserves with underground mining, estimated reserves from the Russell Industries 54 claim group would be 2 - 20 million pounds of Uranium (U308) with an average grade of .27% and a cutoff of .10%. An additional benefit of this area is the high content of Vanadium within the ore. Based on historical records, shipping records and samples, the average Vanadium content is 2 - 3%.
The current market price for Uranium is $71.00 per pound and $20.00 for Vanadium. The extrapolation of these parameters indicates the range of ore in the claims to have a value range in excess of $38,340,000. The Company is being encouraged to further testing which will require costly extensive mining, sampling and testing. "We are encouraged with the preliminary reports and will evaluate our options over the next 90 days," Rick Berman, President.


From the way I am looking at the investment for the claims (which is from a point of view with relatively no experience in the area of purchasing claims), the amount of money spent does not seem to be too unreasonable. I am fairly happy that we now have a total figure for how much money we have spent on the acquisition of claims.

Anyway, I am going to hike around Mt Evans in Colorado for the day. I will give some more time to all of this when I return or maybe tomorrow.

Have a great weekend all!

-faz