huge volume?, page-12

re: chinese exercise option - ramu is go!!! So Frieda is about $35 billion of copper and gold (refer earlier post), how much is RAMU?

33,000 tonnes of nickel per annum, plus say 3,000 tonnes of cobalt. Must be easily above $500 million per year of revenue from RAMU. Multiply that by 20 years minimum (....and minimum is the key word here....), means about $10 billion of resources.

So, $35 billion, plus $10 billion, plus what is Kainantu (2 million ounces going on 5 million ounces of gold)...say another $1.5 billion or so.....just to be ridiculously conservative.

Just short of $50 billion.

HIG's share would be approx $15 billion of that.

.....as they say, party only getting started here....

...wee bit of upside yet to be factored into the share price......

Cheers

Rosco