BOC 7.61% 49.5¢ bougainville copper limited

Ann: Renewal Of Exploration Licence EL01, page-31

  1. 8,294 Posts.
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    Glad I picked up more last week at 30c. About time I had a win on the shares lottery.
    Held this stock for a few years. Waiting.......... Yes I do wish I had more share though.
    I must admit though, I'm a little cautious. PNG has a questionable past. I've also been burnt in countries like Tanzania where the gov pulled the rug out from under the company. Shareholders got screwed.

    I'd expect this to take decades to get up and running. The clean up, procurement, pumping out water, environmental... the list goes on.
    Mkt cap of $140Mil though....... no way. Too cheap.

    Risky though.
 
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