The historical seismic studies indicate that the deposit may be 1km+ deep - that's something we have to keep in mind.
Also yeah EM survey coming soon for Porsanger. I'm also certain they will be doing metallurgy on Penikat aswell.
In regards to Way Linggo, the mineralisation pinches and swells in all kinds of directions. There is a reason why it is deemed high risk in regards to the narrow veins.
I absolutely see where you are coming from - Way Linggo should not be sold at a lowly price, 10 million+ is my hope.
It would also cost a lot of money for us to get bogged down in Indonesia again, we need the capital for the advancement of Penikat. Those economic studies will cost us quite a bit if we wanted to commence mining again in Indonesia.
Exciting times ahead for us
Ann: Entry into Agreement for the Potential Sale of Way Linggo, page-26
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