Mike
It could be that there are significant hurdles yet for ROL to actually mine the site. its remote transport links are poor, no resource has been defined etc etc. Rol latest hits, although confirming that there is a resource there, have been on the lower side of good grades compared to their first hits.
All that being said, there is potential for a massive Lihir "type" island discover and only the continued drilling (which they have the funding for) will prove whether they have a project or not.
What I did like in recent announcements was that they had secured access to the whole island
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