multi billion lb deposit comparisons, page-15

Swiss-headquartered mining giant Xstrata hasexercised an option over the Frieda River copper-gold project in PNG and was progressing toward a feasibility; Barrick Gold was keen on PNG and the search “for more Porgeras” as part of its $US175 million 2007 exploration effort; and South Africa’s Harmony Gold expected to complete a feasibility on the Wafi/Golpu coppergold
project by July this year.

Typical assessment from Aussie investors but major mining houses don't have any issue with PNG.