HIG have reported that Frieda (HIG 20%) is on the market. HIG...

HIG have reported that Frieda (HIG 20%) is on the market.

HIG post Frieda will be in a strong position to grow RAMU stake and ownership.

HIG is morphing quite quickly and nicely into a long-term EV play on Ni, Co as evident in the An report.

FRIEDA SALE:

Frieda mining lease will be approved and the PNG government will most likely take up 30% of the project under the agreement leaving HIG with reduced potential sunk funds liability and a better cash position and 15% nett ownership of the Freida project.

So, where will this leave HIG and what is FRIEDA worth??

Full Resource value (15%)  Au, Cu,  $US 25, 186,000,000    25 Billion  US$

HIG shares:  950 million.

FRIEDA Full Resource share (15%) value per share:   $26.51 per share.

Nett Resource value after all in costs: (less all in cost $1200 per oz Au, $2.2 per lb  Cu)  $6.04  Bio $US

FRIEDA Full Resource share value (15%) after all in costs:  $6.35 per share.

Report says significant interest from interested parties.

I'll bet there is..

GLTAH