it's essentially a exploration renewal, if they actually attempt to mine I'd expect a massive cap raise while the share price is high but I couldn't imagine this happening as the company has been essentially stale for a long period. just a gimmick for traders to sell out at a profit and buy back on lows.
just remember a dollar goes a long way in PNG and to draw up this contract would essentially cost nothing.
Ann: Renewal Of Exploration Licence EL01, page-54
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