COY also has an ELA in for the land that directly abuts Andewa which is possibly of more interest at present. The Andewa anomaly to me doesn't appear to extend into this, but possibly the regions exterior to such a caldera should be prospective. Also of interest this tenement contains Mt Schrader which is a similar caldera, virtually unexplored. Incidentally this tenement used to be held by FNT as part of the Andewa EL, the March 2010 quarterly has this info. PNG ELAs can take some time to be granted as they have to have on-site hearing with mining warden, and other similar rigmarole.
MGK also has some tenements on New Britain near to COY, but got some corporate issues to sort out before it does anything with them. Worth a look nonetheless, if you're the patient type.
map collage of coy/ fnt leases, page-2
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