Nena is not the main deposit at Freida, but is an interesting little treasure:
52M tonnes ore grading 2.13% copper
ie 1M tonnes Copper
CU currently USD$6000 per tonne
So that is USD$6Billion for the copper
That is USD$1.2Billion (gross) for HIG's 20% share of the copper
Add about a fifth to that for the associated gold.
Now these future revenue values are gross before any and all costs.
But Nena (while rich grades) is not the main deposit at Freida, and yet contained CU and AU are 20x HIG current market cap.
So I think that when more eyes begin to look at HIG, Nena might help light up interest in our little company.
Nena is not the main deposit at Freida, but is an interesting...
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