Hi Baro, Do you know the history of the project, who the...

Hi Baro,

Do you know the history of the project, who the previous owners were and why 732 diamond drill holes and 158 RC holes (apparently good enough for a JORC2012 compliant gold reserve) ended up in the hands of NUS.

Just reading some of the stuff you posted I get a red flag warning at the suggestion that local partners might become involved.

Number of shares on issue look attractive but the NPV seems small for a project of this scale plus some pretty high CapEx numbers.

I haven't really looked at it properly but my view is I like Indonesia for cheap 5 star holidays, not as an investment option.

On my watch list for now. Esh