The png goverment cant run the mines themselves so its just a...

The png goverment cant run the mines themselves so its just a sitting mine n causing more harm then good, they seen the potential on the other mining n how well it can bring in revenue for the government.

at the end of the day they need money n want someone to run it correctly n bring jobs so the Sovereign risk isnt a verbal in the risks column.

But tem put 1m or so at 37c and couple other players, they going list on asx at 50c for a CR for 10-15m to have funds to being the mining operations.

so looks like lole is going for the long haul instead flipping it to tem so they end up going into the mining of gold in png with most likey help from tem n dirrector don oversight n insight on how to run it. Because don closer friends was the person who design the mining site.