Saturday, October 01, 2016 8:57:16 PM
-C$153 million Market cap and zero revenues
-insiders got in for pennies and retail investors bear all the risk for small upside
-Still owe $60 million to Barrick for purchase.
-If this project is world class, why did Barrick sell it ? The conclusion is obvious ...
-Papua Guinea is one of the worse countries in terms of risk
-looks like a small time producer to me:
>>AIM mining study 200,000 tpa @ 7.5-8 g/t; ~94% recovery rate. Poteintially producing 45K oz Au/yr.<<
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