Ann: Marengo Appoints New Chief Executive Officer, page-3

re: Ann: Marengo Appoints New Chief Executive... FMW ,PNG-LNG is ahead of schedule,so PNG government should be able to fully fund their 30 percent investment sooner,including back in costs.

With Eaglewood looking for a Domestic Sales agreement for their natural gas, surely we should finally be able to definitively come up with a gas price (within the margin of error) to be able to complete the DFS?

Gas price plus length of pipeline.

Lets nor forget the Heritage oil and Kina Petroleum are going to drill two wells in the Madang province looking for natural gas later on this year.
The potential for "local gas" is very much on the cards should exploration be successful.

From the article I posted two days ago.

"There are two questions that investors should ask about any investment they make: Is the value there? When should I seize on that value? Most copper mining stocks are trading as if the price of copper were $2/lb and is going to be about $2/lb forever. But copper on the LME 10 years out is actually $3/lb. That means the equities are definitely a value story. As to when to buy it, given the SAD cycle we mentioned earlier, investors might want to wait until the end of June."

http://www.mining.com/web/salman-partners-raymond-goldie-copper-is-pathological-and-suffers-from-sad-but-it-has-value/

Are we at the low,or very nearly at the low point in the cycle,and the time to hit the green button is now,
given it would take something like three years from start to completion of the mine and associated other works?

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Raider