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21/03/18
16:08
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Originally posted by whiffo001
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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
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Love your optimism and analysis.