raki raki gold project, fiji (peninsula minera, page-36

Hi Hangseng,

Every company seems to have that 1 or 2 tenements on the peripheral that realistically you don't feel will be the focus of the company. Like yourself I felt Raki Raki was one of them simply because of the magnitude of what they have at Lance and Karoo so it's definitely one out of left field.

No doubt we will have to assume we are not sitting on a significant gold reserve, only drilling can verify that but the grades and the widespread nature of that found at Vatukoula's tenements is definitely food for thought and an encouraging sign. Definitely a bonus if it proves to be a prolific gold belt/corridor.

And to answer your question on what this might do to PEN's SP then VGM's has responded well on the LSE over the last week or so :)