The Wardens hearing on the 11th should officially reject BOC. Then on the 14th a huge meeting between ABG and PNG. RTG could officially get announced as lead developer of Panguna next week
If they do, they should exceed BOC’s $160M cap.
These guys also own Mabilo in the Phillipines. 1-2Mozs @ 5-6g/tAu. This is tied up in arbitration, hence no value. If they get Panguna, I think they will divest it to the JV partner. Their 64% could easily bring $20-30M+ cash
