hi bomber and WW,
hope i dint get ur hopes too high and that you guys were expecting a JV agreement this week. that wasnt my intention, my conv revolved about the drill and the targets of this program.
not sure if you guys read the exploration of potential mineral resource in PNG paper, a paper done and provided by the PNG gov.
there's the comparison of Ramu (into production) and Wowo (seeking JV).
it was stated in the paper and in HIG's annual report that:
Ramu's global resource is at 143 Million Ton (MT) while
Wowo's global resource is at 307MT of a higher grade
now RMI has a JORC of 190MT and this drill program is to moving towards that target.
details of current drill program should be out in the coming week?
-# of holes
-?km of untested strike length
-tgt of program
http://www.pecc.org/resources/doc_view/1295-the-exploration-of-potential-mineral-resources-in-papua-new-guinea-paper
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