Marengo Mining Pushes Its Copper Mountain Uphill By Our Man In...

Marengo Mining Pushes Its Copper Mountain Uphill

By Our Man In Oz

When you’re sitting on a copper mountain valued at US$14 billion it is reasonable to expect a world short of the red metal to take notice. That was the case, but only briefly, when earlier this month Marengo Mining produced the first mineral resource estimate for its Yandera project in Papua New Guinea, a rather handsome 371 million tonnes of material assaying 0.49 per cent copper for a metal inventory of 4.01 billion pounds. From a lacklustre A25 cents, the Australian-listed Marengo jumped to A35 cents on October 3, its highest since mid-year.

Since that flurry Marengo has dropped off investor radar screens, slipping back to the mid-20 cent range despite an exploration program which promises to continue boosting the Yandera resource .. more ...

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