MGO 0.00% 14.0¢ marengo mining limited

will this ever be mined, page-8

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    If everything goes as planed the PNG goverment would acquire a 30% interest & fund its pro-rata participation in the Yandera Project development. Remaining 70% should be funded by NFC using sindicate of Chinese bank. So not so sure about dilution unless NFC want to come on board.If Petromin decided to take 30% then they would pay MGO around $40M~$50M for money spend on project so far.
 
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Currently unlisted public company.

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