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Nautilus gets government backing

TIP UPDATE: Papua New Guinea's government has taken its option to acquire a stake in Nautilus Minerals' sub-sea project
March 16, 2011
by LiM

What we said:

When: 1/04/08

Price: 113p

Tip performance to date: +39%

IC TIP: Buy at 157p

The Papua New Guinea's government has exercised its option to acquire 30 per cent of the Solwara 1 off-shore copper mining project being developed by Nautilus Minerals, and will contribute funds in proportion to its interest, including its share of costs already incurred.

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