Panguna was once one of the world's biggest Cu/Au/Ag mines. It has been shut since 1989.
After many years, Bouganville looks like it's headed for independence. A new nation will soon be born, with PNG's approval. With a population on 300,000 Bouganville could end up being one of the world's wealthiest countries after the mine someday reopens.
BOC owns Panguna and has a marcap of roughly $180m. Contrast that to BOC's last year of production, when it produced a billion dollars of copper, and a similar amount in gold.
Whats the future for BOC? Will it be swallowed up for pennies? Or could it be a multibillion marcap stock again?
BOC Price at posting:
45.5¢ Sentiment: None Disclosure: Not Held
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