HIG management are doing all they can to extract value from the...

HIG management are doing all they can to extract value from the assets despite the circumstances.

FRIEDA: The Chinese owners will eventually develop this project even though they would love to own the lot. The challenge for minor holders HIG management is to hang into the board until the timing is right for development. The asset is worth around 100 Billion US in copper, gold, silver so the timing must surely be getting right for the development green light given all commodites are on the way up in the super-cycle.

STAR MOUNTAINS: Ditto on this project with Anglo who are drilling and will develop this project at the right time. Not sure of the value but drilling has been very promising with very deep intersections .

RAMU: HIG can double their ownership over time as cash-flow grows. This flagship project is a cash-cow.

Nickel projects: The PNG Island project will be developed as Nickel prices increase.

Maiden free cash flow to HIG will be reported in March I hear..

GLTAH