True they are trying to source buyers for Frieda . They are also...

True they are trying to source buyers for Frieda . They are also in arbitration with GRAM which when it eventuates will be a binding agreement. I think that HIG have spent around 200 million on development costs on Frieda but something in the back of my mind says 125 million. Not with standing GRAM has valued it at 800 million NPV , so roughly 160 million for HIG. According to miningnews it rates number 6 in value of copper mines in the world. GRAM paid 1.2 billion for its 80 per cent share. The development costs are extreme. But there is always a but! The former Chairman of GRAM a Mr li jinxing is to prosecuted by Chinese authorities for possible corruption as well as his successor a Mr Li Zezhong along with four other colleagues in GRAM. So that's breaking news for hot copperites. Ala why maybe everything has bogged down.