PNG is not Australia. We have transperent laws and negotiation processes, PNG has???
The concern is this could be the start of a very long and potracted process, for international mining companies and the PNG government to reach some common ground on what taxes will be levied on resources PNG.
PNG alrteady carries significant sovereign risk.
As for long term. How long term does it need to be for international banks to feel comfortable lending for mines in PNG?
I can only assume you are saying MGK won't have a resource ready for mining for several years anyway, so iut's not a worry.
MGK Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
