@mad max We should get word of the warden’s hearing...

@mad max

We should get word of the warden’s hearing recommendation very soon. The “official” result isn’t due till early next year, but it will be known well before

A “no” recommendation would set up RTG very nicely

Central/RTG already have an EL application over the Panguna minesite. Once BOC’s application is rejected, the ABG will be forced to work with Central/RTG, and should schedule a Wardens Hearing for their application

Central/RTG only need the approval of SMLOLA landowners for this to pass, and Miriori who is their Chairman is the one pushing things. So we should get EL approval

The other 8 LO Associations are legally only relevant once you do a BFS and identify if any of their land is needed. Before you get the Mining License you will need those impacted LO Associations. That is some years down the track, and after drilling and other catalysts

During that time, Central/RTG do a deal with the ABG. You then have key LO support, government support and an EL over the minesite. The other 8 LO’s will do a deal

Remember this is a 1.5Bnt deposit. Even if RTG end up with 30% of the JV company and a valid EL, this will sit at a few hundred $M market cap IMO