If the PNG GOV and BOG people have 73% of the ML, we still 6B to re build the place . Can somebody please correct me if i way off track here. But for an easy figure, if we have 100B of copper and gold BOG get 73B we are left with 27B minus the 6B to build the mine infrastructure. If we give away 50% of our share to say BHP and they build it we get free carry. The numbers are crap 13.5B less 6B = no chance. We will just be bought out, at what price will be the question?
BOC Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held
