I think too a lot of people have focused on the $2 mil. If we get offered shares in whatever Lole lists as, if they hit the bonanza, our (read, fnt's) shares might end up being worth way much more.
I think even if the gold was outstanding this was a great derisk move. Let the locals do the work and let's cash in if they hit the mother lode.
I bought in a few years ago for the gold and was optimistic. They diversified into Australia I felt some relief. Now I feel even more comfortable.
Ann: PNG Project Sale, page-44
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