Could be a win for all parties if HIG could sell the Ramu interest to the PNG government, or possibly float it on the PomSox to give locals a chance to take greater ownership. Its a distraction to HIG and an unnecessary weight on the share price. As you point out, Ramu profits will be a tiny fraction of what Frieda will generate. Based on yesterday's ann HIGs share of (gross) cash flow from Frieda may be $200 million or more.
