re: Ann: Drill holes continue to demonstrate ...
I can't see why people are saying it should be 8c, 6c etc.
At 8c we would only have a market cap of approx. $27M
Our terrific JV's with Ok Tedi are worth $60 Million over 5 years with the first lot of Results (Esis) due any week now.
We have our own barge, bulldozers, crawlers, drilling equipment, Geo's, great drilling team and associated camps.
A rough calculation on holes 2-5 gives us a 2mill+ ozs gold equivalent just on the 4 holes.
We should be around this price just from the OK Tedi JV IMO, not factoring in Andewa, Tassie and our other leases and equipment.
Ann: Drill holes continue to demonstrate large po, page-36
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