CAPITAL MARKETS

Former Hill 50 team turns to PNG gold

IT TOOK Peter Cook and the management at Hill 50 Gold less than five years to turn the $15 million acquisition of WMC's unwanted Mt Magnet mine into a takeover target valued at well over $200 million.

Michael Quinn
Former Hill 50 team turns to PNG gold

For their next trick, the re-badged Hill 50 team, now called Abelle, plan to turn two thus-far-unloved assets in Papua New Guinea into mines that will dwarf Mt Magnet. The Morobe and Wafi projects are...

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