govt okays royalco gold mining in bakun

http://www.sunstar.com.ph/static/bag/2008/05/25/bus/gov.t.okays.royalco.gold.mining.in.bakun.html

Acturtle or others - What are your thoughts on the move from Pao to Gambang. Wasn't Gambang with cableway amongst other prospects in the area were originally the number one target for rco from the prospectus (just reading over it). Surely the final approval and moving the rig from the Pao to Gambang is exciting news for holders.

I'm considering becoming a holder on this basis plus the fallout from Opes seemed to break the sp under 50c resistance, therefore seems a pretty good play (considering the high on royalty anticipation alone was $1.20 with 0.80-$1 support. Also yesterdays announcement mentioned news on the Royalties will be out in 2 weeks.

Good time to get on board? Would appreciate some feedback on this?