/biz/ - Business & Finance

so are the feddies gonna step in to save FRC? Allegedly JPM tried to coordinate another big loan to them today but got shot down

>>23962555
Surprisingly yes. Fiji is located in the Pacific Ring of Fire, or in other words in between tectonic plates. The area is has volcanic activity and is exposed to the risk of earthquakes of course, but this apparently means that the area also creates gold deposits. Other companies that have alkaline gold deposit mines near Australia are Barrick and Newmont for example, and according to LIO's CEO they're the only junior in the world that owns an alkaline gold project. Geo Quinton Hennigh also noted the similarity to gold deposits named Vatukoula and Raki Raki and the projects owned by the previously mentioned majors. The management is positive that LIO's Tuvatu project will easily be an over 10Moz Au project