spoke with md today, page-28

Do not think Tassie would cost them too much..... They have their own rigs and labour so can do things a lot more cheaply than others... Also nice to spread the sovereign risk... I believe once the total GeoPhys for the three JV deposits and the total one for Andewa are finalised and announced, they should not have too much trouble raising a lot more funds at a higher SP than now..... Then by chance Andewa is proven to be a world class deposit then yes, game on. Although that game should start a lot higher than the sp is now.... If not then one or more of the JV?s may do so..... as you mentioned the other land they have acquired or acquiring may well be very good as well..... Not a company to sit on its hands..... True that he is a geo, but I believe that is of an advantage within PNG. He has 25yrs experience there, hopefully they will find a major deposit and when they do they will hunt for more..... I am sure one of the majors would be happy to develop a world class deposit on FNT terms if found.... sure it?s a speccy, but they have a few throws of the board to hit the bullseye...