Ann: Highlands Regains Star Mountains Tenements, page-3

Well, well, well. It was always going to be a long term project, and if developed probably not in any of our life times. However it still has some value. Off the top of my head we spent something like $20m and Anglo $30m on a fair bit of drilling. Olgal is shaping up to be a medium size deposit with a resource estimate expected later this year. Gooding always said that he didn't want to find another Freida, too difficult, but there may be some medium size crowd prepared to take a punt on Olgal or some arrangement with Ok Tedi.


Anyway Ramu even now is worth twice its share price. Keep the faith.