A JV with the likes of Newcrest for Andewa would be a great vote of confidence for the project.
We dont know the terms of the JV yet but PM's negotiating skills are there for all to be seen in the terms of the JV's with OKTML. I hope he has negotiated another good deal for FNT for Andewa.
Andewa is a massive area that requires alot of cash to explore so bringing in one of the big boys can only benifit us in uncovering the potential of Andewa. Besides it isnt like we dont have other projects in PNG that we can shift some focus to.
Looking forward to confirmation of who and under what terms this JV will be.
Im also tiping that this JV announcement may be followed by some good drill results from hole 9.
Good luck FNT holders.
Cheers
Retrac
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