huge volume?, page-18

re: chinese exercise option - ramu is go!!! This is what I thought in Feb too:

Reasons for buy:

1. Kainantu in PNG is, in my view, on time and will begin producing in mid 2005.
2. Profit margin will be excellent as cost per ounce will only be approx $140 per ounce.
3. Life will be minimum 6 years.
4. Further exploration this year... big lump of yellow found last year.
5. Ramu has attracted Chinese interest.
6. Frieda looks promising.

Hence, I bought today.

HIG has been good to me in the past (see prev posts). Today, I bought an intitial holding and will look at accumulating over time. Once mine is operational, HIG will be revalued.