I don’t think there will be any real focus in the new tenements or Wabag.
Yes it’s a repeat of Crown Ridge.
The hope in the new area is that it contains a large porphyry system which for years they have been trying to find in PNG.
Its the same old story, after glowing reports, nothing.
When you really think of it they will need about $3million cash to put a decent program (the previous drilling of handful holes didn’t find it) together in PNG which means at least another billion shares to be issued.
They have no chance of raising that cash for PNG
I hope for new holders that the chase for lithium is fruitful, it’s the only way they will be ever be able to do anything substantial in PNG again.
I don’t think there will be any real focus in the new tenements...
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