kodu media release november 2007
"Production should average about 53,000 tonnes of copper, 5.3 tonnes of gold, 1,400 tonnes of
molybdenum and 27 tonnes of silver per year, with first production estimated in March 2012."
5.3 tonnes gold per year is about 185,000 ounces
gold price on the rise today - aud1180 = $220 million
next year gold price aud 1500 = $280 million
add in the other metals and talking big deposit
With all the uncertainty the case for a big mine for the PNG economy just got better, get somare out the way and bring on march 2012
FNT market cap 5.5 million
One week to go.........
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