Yes, HIG is looking good in terms of its future balance sheets....

Yes, HIG is looking good in terms of its future balance sheets. Good questions about the debt TT. It was discussed in posts on this site a few months ago. From memory the total cost of the Ramu Ncikel set up was a bit over $2 billlion, and HIG's debt about $112 million. Currently their share of the positive cashflow is going towards paying off debt from last year (I think, but others may be better placed to interpret the fianncial reports than me). HIG says last year's debt, which I think occurred because of the shutdown for safety reasons, was a few million and it should be paid off this year. The operation at Ramu is run at arms length and the operation's profit from sales of nickel and cobalt is about $5,000 per ton of mixed metal (which gives HIG about 8.8% of that). Previous posters on this site calculated that it will take about 5 years to fully pay off HIG's debt, which isn't bad considering the scale of the operation and the 30+ year life of the operation. If anyone has more accurate numbers, please post them for us all to see.
From the quarterly report it appears that the Joint Venture is looking at modifying the Frieda plan, which may be a step towards reconciliation. However, the quarterly report also says that the sale of Frieda may occur by end of Sept, if all goes well. Either outcome would put totally different pictures on the finances. Although I have been against the sale, the dispute with Gram is killing the share price (which Gram is fully aware of and probably planned for). Also, we will wait on the arbitration on the dispute, which should give a way forward and a boost to the share price. So, all up and with cobalt prices going strongly, the share price can only go up in the next few months. Interested to hear from others on their views.