I agree Curiouswon, "no worries" I may be wrong but I feel that...

I agree Curiouswon, "no worries"

I may be wrong but I feel that there is a whole truck load of money coming our way in the not to distant future.

We may not be able to manage both Freida and Ramu, but if we flog Freida next year or in the years to come we will be rolling in it. By my recokoning if we take the 3% Net Smelter Royality option it will be worth between $60 and $90 mil pa. to us. Tell be if I'm wrong.Even with the Big Boys sitting down with their calculators working out timing, discounts etc it's got to be worth a packet to them and us, even if it doesn't happen for a year or two.

On another note, Ramu is a pretty low cost operation,so if we double it,all sort of economies come into play. Also to be signed at APEC is an agreement for some Chinese Coy to build the Ramu 2 hydro power station, mainly to supply electricity to MCC and Wafi Golup although the latter says they don't want it.