Redbeard, Great question. I think the majors will be picking up...

Redbeard, Great question.

I think the majors will be picking up assets at the bottom of a cyclic "wave" ie at the lowest point in a rising cycle.

HIG does not have FRIEDA in their LT plans any more, why? The Chinese development time-frame is too long and no longer suits HIG plans.

HIG are betting on Co, Ni, as the key elements in EV batteries, especially Co. so they are positioning themselves to cash up on FRIEDA exit and leverage into RAMU and SEWA Bay Ni.

If i were HIG I would do the same.

HIG reported CASH of $7 Million.

HIG admin costs will be much lower than the $3M per year. due to one-off costs of special meetings. that means about 3-4 years of cash.

HIG will receive some cash distribution in 2018 to top-up cash. Then begin rapidly repaying teh capital debt with RAMU earnings.

HIG capital debt: $115 be paid off in around 3 years.

HIG will then own around $220 Million of RAMU in. 2021.. woohoo..

HIG will then generate in increase to 11.3% of about $35 to $40 Million profit per year. from RAMU.

GLTAH.