mt kare incredible gold results 10 yrs ago+, page-12

I stand corrected about Carpenter Pacific but it sounds like chalk and cheese as far as their ability to run this.

IDC seems to have broken the jinx on one of the most problematic projects in PNG simply by looking at past mistakes, both government and corporate, and landowners.
As you would appreciate, historically in PNG there is an almost total dis-connect between land owners and the state.
So to be fair, the former head of Regulatory Operations in the PNG MRA really must be given a huge vote of "thumbs up" for the fantastic job he did, single handed, over 2009-2010 in getting the land owners and the project sorted.
He also put in place a time table and structured path toward sign off with land owners and completion of feasibility.
So things in the lower Porgera Valley (i.e. Kare) are more or less sorted, it seems and apparently the path taken by the company has set a precedent in PNG and Melanesia which was recognized last week in the Industry Best Practice award bestowed upon IDC in Hong Kong as a recent Industry convention).
The State of PNG is also apparently pretty impressed with the progress to date, so it is reported.
National Planning Committee is talking about supporting the project by putting a connector road from Porgera through Kare to Tari, (probably running SW-NE from the Highlands Highway to the west of Tari, plus power from Tari.
This is a huge step forward given the history of the project.
It’s going to bring a gain to the economics of gold costs at Mt Kare too.

There is a suggestion, supported by past geological work at Kare, (it’s not due as an announcement made by the company) that there may be anything up to another million oz of crystalline gold in the eluvia immediately adjacent to the hard rock resources in the Roscolite zone.
It’s going to be interesting to see where the resources numbers get to but suspect that the drill out will get some-where in the order of about 2.3 million (not including the potential further 1,000,000 in elluvial gold).
This is a robust project with good grades (6.5 grams equiv per cubic meter).
Estimate production to be about 140,000 oz pa.
Cash costs (I predict, based on Tari/Hides gas fields/fuel/power) at about $670-700 giving a pre-tax profit of about A$125,000,000 BUT with a potential upside in the order of about A$155,000,000 pre-tax (or more) depending on what gold does in the years to come.
Then, there are there are the other (blue sky) gold anomalies identified within EL1093.