If this is right then timing is poor with regard to the copper...

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FiendishRedbeard

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02/04/18

21:00

Post #: 32170864
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Originally posted by whiffo001 ↑

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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If this is right then timing is poor with regard to the copper market. They have held so long why not wait until better copper prices?

HIG Price at posting: 8.9¢ Sentiment: Hold Disclosure: Not Held
1 Upvote

0 Great analysis

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If this is right then timing is poor with regard to the copper...

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