re: chinese exercise option - ramu is go!!! G'day Pruner,
I calculate total resources at about $50,000,000,000 (refer earlier posts on the string), I roughly estimate HIG's share would be $15,000,000,000 after allowing for the Chinese share of RAMU and Noranda's share of Frieda. With less than 500,000,000 shares, that is about $30 of resources per share.
No further share issues needed for Kainantu or RAMU, and Kainantu might spin enough cash to fund the Frieda financing (HIG's share) - or some similar alternative arrangement with Noranda.
HIG will have 2 world class mines in production in the near future, and a third monster copper/gold mine in the pipeline.
Any way you look at it, lots of potential upside at current market cap.
Rosco
HIG Price at posting:
0.0¢ Sentiment: None Disclosure: Held
