november has arrived

Welcome to November [insert streamers here]
Yeah ok, so its not really that exciting...

The news article that caught my attention today was about a plan to reroute the Kokoda track. Frontier Resources, an Australian-based mining company which I also happen to own shares in, have plans to develop an open-cast pit near the track at Mt Kodu to mine approximately $1.7bn worth of gold and copper. Now, both Kevin Rudd and John Howard have both spoken out against it, and Kruddy in particular has decided to contact the PNG Prime Minister to express his concerns - after all, he did walk the track last year. To my understanding, Frontier have already got the thumbs up from the PNG government and landowners to go ahead with the project, which will require one percent of the 96km track that holds no significant historical value. In my opinion (not that it matters), it is only a mere one percent and its not a spot where some significant battle took place, and the land does belong to PNG, so really it is up to them what they do with it. Another upside to it that I see is that it would give the local folk jobs too. Please don't get me wrong, I totally respect how much the track means, and if they were bulldozing the whole lot or a section of historical significance, I would be totally against it. I just feel that this is being blown out of proportion by a couple of pollies looking for more votes. I know I may be coming from a biased position here, but putting aside the fact that I own the FNT shares for a minute, I still don't see the issue of a minor diversion of the track... I guess the fact that makes this oh so controversial is the fact that it is an Australian mining company. Oh well. I suppose any publicity is good publicity? I think I shall leave it at that, apologies to anyone I have offended, but hey its not like anyone reads this anyway...

Woohoo tomorrow is Friday, the weekend is almost here :)
Until then, stay classy San Diego.