There are a lot of gold or copper companies..but most of them are expensive or have very big paid up capital ..like PanAustralia which number of shares issued is 2.9b !!! Or Equinox which is too expensive...more than $5 !!!
Let me introduce Frontier Resources which mines are in Papua New Guinea , outside australia but very near australia, which makes it easy to control and manage.....it also has mining land in tasmania. Its issued shares is around $188m, therefore having a market cap of $13 million! That is very small as compared to the other gold miners.
However, the most important is the mining land in Papua New Guinea which is the least explored area in the world and may contain one of the largest mine in the world as shown and discovered by a few other companies already...
There is a ASX announcement on 29 Sept 2010 about FNT.
The statement said that Ok Tedi Mining Ltd has conducted an major aeromagnetic and radiomagnetic geophysical survey on FNT's mine at Leonard Schultz which is situated very near Ok Tedi's giant copper mine in PNG. It said that the data and analysis will only come out in 2 to 3 months time !!!!! Ok Tedi will get 58% control on this site by spending up to US $12m and FNT stake will be reduced to only 42% !!!
Big amount of Gold and copper have been found thro' digging and trending methods.....FNT has
no financial resources as well as technical side to do the job alone. So..it is good to join venture with a very well established experienced cooper and gold miner to do this job. FNT has 4 mining sites in PNG. It already signed an agreement with Ok Tedi to join venture in its 3 sites of which Ok Tedi will get 52% stake and FNT will have 42%. FNT will have only one site with 100% control and this site is Andewa which also showed very promising gold/silver/zincdeposits and has the same composition of soil like Lihir Gold's island in PNG which is not far from this FNT's site !!!
Lihir gold island contains 45m oz of gold, one of the biggest in the world !!!
It is smart to join venture with Ok Tedi(PNG govt party has 30% stake) on its 3 mining sites to ensure a better chance of success in discovering gold/copper/silver in all its 3 mining sites. Ok Tedi will provide the financial and technical support thro' its personnel and helicopter services. Even-though its stake has been reduced to 42%, FNT share can still fly sky-high if they found big deposits of gold or copper there.
This company has very good chance of finding world class gold or copper mines in PNG which hosts some of the giant gold and copper mines in the world .just like Ghana !!!
So, hopefully, FNT will be another Sandfire which was 9cts last may..but now $7 !!!! or Karoon gas whose share price have sky-rocketed from 10cts to $7--$8 now !!!
Let me introduce Frontier Resources which mines are in Papua New Guinea , outside australia but very near australia, which makes it easy to control and manage.....it also has mining land in tasmania. Its issued shares is around $188m, therefore having a market cap of $13 million! That is very small as compared to the other gold miners.
However, the most important is the mining land in Papua New Guinea which is the least explored area in the world and may contain one of the largest mine in the world as shown and discovered by a few other companies already...
There is a ASX announcement on 29 Sept 2010 about FNT.
The statement said that Ok Tedi Mining Ltd has conducted an major aeromagnetic and radiomagnetic geophysical survey on FNT's mine at Leonard Schultz which is situated very near Ok Tedi's giant copper mine in PNG. It said that the data and analysis will only come out in 2 to 3 months time !!!!! Ok Tedi will get 58% control on this site by spending up to US $12m and FNT stake will be reduced to only 42% !!!
Big amount of Gold and copper have been found thro' digging and trending methods.....FNT has
no financial resources as well as technical side to do the job alone. So..it is good to join venture with a very well established experienced cooper and gold miner to do this job. FNT has 4 mining sites in PNG. It already signed an agreement with Ok Tedi to join venture in its 3 sites of which Ok Tedi will get 52% stake and FNT will have 42%. FNT will have only one site with 100% control and this site is Andewa which also showed very promising gold/silver/zincdeposits and has the same composition of soil like Lihir Gold's island in PNG which is not far from this FNT's site !!!
Lihir gold island contains 45m oz of gold, one of the biggest in the world !!!
It is smart to join venture with Ok Tedi(PNG govt party has 30% stake) on its 3 mining sites to ensure a better chance of success in discovering gold/copper/silver in all its 3 mining sites. Ok Tedi will provide the financial and technical support thro' its personnel and helicopter services. Even-though its stake has been reduced to 42%, FNT share can still fly sky-high if they found big deposits of gold or copper there.
This company has very good chance of finding world class gold or copper mines in PNG which hosts some of the giant gold and copper mines in the world .just like Ghana !!!
So, hopefully, FNT will be another Sandfire which was 9cts last may..but now $7 !!!! or Karoon gas whose share price have sky-rocketed from 10cts to $7--$8 now !!!
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