Hi Mallis, I think you're exactly right - of all the Ni/Co...

Hi Mallis,

I think you're exactly right - of all the Ni/Co juniors on the ASX, HIG is the only one that is currently producing and benefiting from the Co price. Although Ramu is not really a junior operation.

Whilst HIG does have its own issues (debt on Ramu) it doesn't have the issues that the others have in getting into production ... Which are myriad.

Most of these hopefuls will not see their projects ever reach production.

HIG's Ramu mine is a very long life asset that produces Ni in the middle of the cost curve but really benefits from the Co kicker.

I have bought HIG purely for the turnaround at Ramu and as a leveraged position in Ni. The Co exposure cannot be underestimated either as can be seen in the large uplift in revenue per t of Ni sold when accounting for the Co credits.

Ramu could become a large cashcow for HIG for +20 years if they survive their near death experience of recent years. Things are still fragile and they need several quarters of solid performance and stable metal prices for the "all clear" to be sounded .... But so far so good.

Re AUZ; i bought a large position at c. 1.5-1.8c. When the Company rerated all the way through to 15c in an unsustainably short period of time, i couldn't help myself and sold .... Not anywhere near the high mind you.

On a relative basis i would prefer HIG now based on this apparent turnaround at Ramu.

Cheers
John