Freida

Well Freida just about to hot up. Correct me if I'm wrong but my understanding of the situation is -  PNA due to release FS to Highlands almost daily.Highlands then to arrange a peer review  of it ( at PNA cost). MUST be submitted to PNG govt by 30th June  for a Special mining lease which was a condition of  the renewal of the lease last year. If/when special mining lease is granted PNG  has the right,then, to take up a 30% share of the development by paying its percentage share of the sunk cost. How much will that be?? Percentage of what PNA  paid to buy plus what it has expended since then. What about the hundred of millions that previous explorers paid.  My personal  opinion is that they will trade off any up front costs for a lower percentage or other benefits.
Anyway I think we are in for an interesting time with a greater interest in shares.
For anyone with a more than a passing interest in Freida I found HIGs presentation to the Hong Kong mining conference Oct 2015 very good setting out where the dam ,mine ,process plant, airstrip etc are to be. Worth a look.