Good to see new posters on this thread!
Both Porgera and Mt Kare were created from the same volcanic event, actually two events.
The gold and silver come from 10-20kms deep within the Earth's crust.
If you look at this ASX Presentation by IndoChine Mining, you can clearly see the depth of Mt Kare and Porgera, as well as Mt Kare sitting 500metres higher than Porgera....:)
This is the same reason why there are so many Mammoth Gold Mines in PNG!
Mt Kare, like our big brother 28 Million ounce Porgera, our 88Million Ounce Cousin Grasberg, 45Million Ounce Lihir, etc etc, all stem from deep deep within the Earth's crust, are definitely all separate MASSIVE GOLD MINES! :)
This is why PNG is one of the three heaviest parts of the world's crust, as seen from space. The other two are South Africa and Chile.
This is why BHP's Biggest Shareholder $6Trillion Black Rock is our Major Shareholder, together with Genesis Capital LLC, Maple Leaf, Och Ziff, Baker Steel etc etc.
83% of our shares are held by Trillion Dollar and Billion Dollar institutions.
And we are still only a $90mill Market Capitalisation...for now!
Ask yourselves why?
I'll post some presentations and videos from IndoChine Mining that might help with your research.
- Forums
- ASX - By Stock
- comparision with porgera
Good to see new posters on this thread!Both Porgera and Mt Kare...
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