The Name Lakaka should be written in your diary on Lihir in Bold...

The Name Lakaka should be written in your diary on Lihir in Bold Red. The costs associated with Lihir is often underestimated and amortised using creative accounting methods.

Lihir has been in trouble for a while. It is only now being realised by its major shareholders outside of the PNG/Australia region.

Lihir too has been less than forthcomming about the internal bleed of the company. Like most Papua New Guinea ventures, the costs associated with mining is heavily weighted in favour of non participants who dig deep into shareholder funds and company revenue.

Watch Highlands Pacific as well. Now theres a disaster in the uncovering rather than in the making. But who wants to know??

The only one that may have any future is the to be revived Mt. Kare prospect if the current parties negotiating come to an agreement.