*** $25 billion resources ***, page-41

re: ** 400,000 ozs. gold/year ** JJ,
its a standard world class porphry system-Bougainville to Tampakan to Mount Morgan etc.
Low grade but an absolute mozza of ore-big bulk mining scenario-10 to 20 million tonnes per annum type stuff.
Capex will be equally as impressive-ie biiiiig-way to big for a company with a market cap of only $50m as the plant costs will be 100's of millions.
Sovereign risk-not the worst in the world (Bangladesh?), but is not far behind. Noticed how many other major onshore projects completed there in the last decade?
However this current market appears to be ignoring borders so who knows.
Cheers,TAS