Don`t forget that one trader bought 16 mill. on 31st. They obvious know a little bit more than us. It was at .006.
That sort of buy is not put in the bottom draw for a rainy day. Although there is a lot of paper work to be done before results are known of any drilling there is a very smart lady who is working hard to make it all happen. She is on the ball. Senior are staff are visiting PNG to finalise approvals and complete funding details.
Having already got a resource the only thing keeping them from drilling is Red Tape. IMO a little patience and undertstanding in regard to these matters will reward you this time 2015. The investor who paid 006 IMO wanted to make sure he got set for the future now and the only way to do so was to pay a premium.He did this in just one day.
The only thing we do not know is how huge this resource is. Study the maps and you will see that there has only been a small area drilled. The results are excellent and of a good grade.
FOY Price at posting:
0.4¢ Sentiment: None Disclosure: Held
