Having worked for the Panguna Mine and lived there for 6 years, please be very careful in investing in this company with the view that it will re-open in the near future. Riotinto (major shareholder of BOC) now invests the remaining BOC assets in PNG & Aust. equities and appears to have no intention of re-opening. There is still an incredible amount of militant action occurring on Bougainville and it would take a very brave company to open up that can of worms again. The infrastructure to and of the mine site has all but ruined. The road (which in the 70's) cost a million a mile to build has been bombed. So too the electricity towers, the homes and offices, also the concentrator etc have all been destroyed.
BOC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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