hi ckweb,
this isnt additional spend this is Otml spending its $60m. The main thing is that they are committed to spending cash on all of the 5 jvs over the next few years and with Likuruanga they seem to be accelerating it as I think they like what they are seeing so far. hopefully we will see the same with the other jvs as exploration continues.
LB
ok tedi budgets out, page-26
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