Well, well, well. It was always going to be a long term project, and if developed probably not in any of our life times. However it still has some value. Off the top of my head we spent something like $20m and Anglo $30m on a fair bit of drilling. Olgal is shaping up to be a medium size deposit with a resource estimate expected later this year. Gooding always said that he didn't want to find another Freida, too difficult, but there may be some medium size crowd prepared to take a punt on Olgal or some arrangement with Ok Tedi.
Anyway Ramu even now is worth twice its share price. Keep the faith.
Well, well, well. It was always going to be a long term project,...
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