Interest- have a look at the surrounding PNG mines- Simberi (SBM) ~1.2g/t- made $90m in last 12 months,
Misima nearby island was ~1.2g/t- made placer a lot of money when gold was ~$600/oz, 4-5m oz mine-
the region is host to v large, big volume low grade and low strip ratio- and they make money- big company play's- so dont get hung up on the 2g/t. strip ratio more critical- (~3:1 at woodlark)
more good drill results should start attracting the majors and add lots of gold!!!!
GPR - Time to buy?, page-106
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