Kalimantan Share Chat (KLG)

Wakey wakey folks, R N S ;)

Thanks NH. Sounds like a must read book albeit scary. Charles Powell, Margaret Thatcher's de facto chief of staff for her years at Downing Street ( and the last person to visit her before she died - he went to see her once a week at The Ritz just to keep her entertained), told me that when he brought Henry Kissinger to see her a few years ago she had not the faintest idea any more who her world-renown guest was. Sad and frightening. Makes one value all the more the faculties we have been given while we still have them... the brain - a plastic bag of no further use in the hereafter.

oliver sacks...
http://www.amazon.co.uk/Man-Who-Mistook-His-Wife/dp/0330523627/ref=sr_1_1?s=books&ie=UTF8&qid=1367911824&sr=1-1

Like you I only have access to information in the public domain and don't know the likely timing of release of the airborne data. Hunting the herd on terra firma depends on the granting of forestry permits and suitably lengthy extensions to the CoW exploration phase for each new area opened up - no news yet from management on any of that.

I hadn't heard of the Oliver Sacks books - thanks for the recommendation.

Indeed. That appears to be good use of the processing power of the subconscious mind, which is far larger than the conscious part of the brain. I highly recommend the Oliver Sacks books if you havent read them already.

Putting serendipitious discoveries to one side, when are we likley to get the new airborne data? KLG's previous data set was derived from re-processed data from c.10 years ago. It is highly likley that Freeport will use the latest magnetic inversion modelling technology to conduct this (indeed - why else would they be doing it again!)

A further demonstration of FCX's commitment to find the elephant (or rather the herd, given the number of prospects they're looking to drill)...

indeed ... it seems that the ideas that lie behind many of mankind's greatest so-called "inventions" came to the person when he or she wasn't thinking at all. It's as if the solutions are out there and human beings receive them only if properly "tuned in" (or possibly "switched off"). There's no reason to doubt the same applies to all types of exploration - intellectual or physical. My Sri Lankan friend, the late Varindra Tarzie Vittachi, told me The Times crossword took him only 15 minutes to complete in the afternoon "as all the answers are already out there". Some of the great ore body discoveries have happened by chance - field staff told to go drill for water and coming back with the unespected.

I was referring to the ongoing costs as I'm sure you were aware. What happened in the past is of no concern to me as i got in at near rock bottom prices.

I have myself often wondered about the meaning of "there is no need to look only to find it"
and yet, it does happen sometimes that one will find something without even looking for it.

You are right about that - venturing into East Kalimantan to help fund the exploration in Central Kalimantan was the rationale articulated by KLG management at the time. Some of the original shareholders disagreed, believing that it would merely add one more layer of risk - especially given that the true Indonesian founder of all of this, the highly respected person who personally inspired people like Matthew Mayberry and Mansur Geiger to go up river in the first place, had been specific about exploring in Central Kalimantan. Hindsight is always with 20/20 vision and my point was not to question whether or not it was the "right" decision to stray into East Kalimantan. It has, however, been much more costly than some would have investors believe. This is because the shares that were issued to fund the East Kalimantan ventures were issued at a very low price. It's not just about the dollar cost, it's about the significant dilution of the original investors' shareholdings. Recent investors wouldn't be concerned. They came in at near rock bottom prices. It all depends where in this long saga one started.

The way I understood was that a successful Jelai project (and/or the coal adventure) were going to provide us with means to finance the much larger KSK project. One can argue that it was worth the risk ( Ivanhoe's Jelai drilling data cost us, if I remember correctly, only $40K)