Ann: Transformative Acquisition - Tolukuma and Mt Penck Projects, page-87

You've gotta admire the courage of these blokes!
This asset has been around for a while with a for sale sign on it. Waiting for a keen young group to come along and shoulder the risk.
Will need a fair bit of capital up front to establish road access from Moresby, rather than chopper everything in. Then significant drilling to establish a mining plan to justify the restart capex. The register will expand to accommodate the strategy, it's just a question of expanding the value proposition faster than the denominator. Looking forward to early drill numbers otherwise this may stall.
And a big fence!

Hardrock