good assessment prawn_man Just to put Freida in financial scale,...

good assessment prawn_man
Just to put Freida in financial scale, the value of the 12mt of CU contained in the resource (conservatively @USD$5000 per tonne) is USD$60B and the 19moz AU contained in the resource (conservatively @USD$1200 per tonne) is USD$22B for total of USD$82B. i.e. world scale mine. HIG's 20% is USD$16B.
Now, his is over 20+ years and without deducting capital, finance, operating costs, royalties etc etc etc; and without any risk reduction - all these are major costs and so the present value is much, much less.
However, about a quarter of this is Reserve standard, rest Resource.
And the Feasibility Study concludes it is economic to develop the mine.
And there are other adjacent ore bodies as well.
And the CU and AU future price may be materially higher.
Without trying to put realistic adjustments for all those things (and any adjustments are subject to both objective and subjective assessment of risks, costs, and selling prices), we can certainly have a clear view that HIG's Freida share is worth a considerable multiple of current sp.
It's a good time to top up, which I have just done.
GLTH (and me!)