Just going through the Ok Tedi website and found there announcement regarding the initial agreement to take on the earn in interests in some of FNT’s EL’s.
The announcement can be found at this address http://www.oktedi.com/images/stories/corporate_repoorts/otml%20board%20%20shareholders%20approve%20two%20exploration%20joint%20ventures%20with%20frontier%20resources%20ltd%2026th%20may%202010.pdf
What I like about this announcement most is this quote “These two joint venture agreements mark the first exciting steps of the company’s future growth strategy”.
Ok Tedi’s number one decision was to get us on board as part of their growth strategy. Now being the number one choice, typically means top priority. Top priority typically means most prospective. Its not as if we were 3rd or 4th off the rank, we were 1st!
They must really love what we have to offer and with the thick and high grades from burlago, I don’t blame them at all. That’s not forgetting the visual copper that we saw in the core in todays announcement at our other prospect.
All is looking good IMO. I just wish I had more coin atm.
Just going through the Ok Tedi website and found there...
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