Cheers for sharing this MIKE999. It reaffirms beliefs in previous posts that HIG is significantly undervalued and the long term benefits will he prosperous for holders. Exploration success will increase resource base at Kainantu and add significant value. HIG's interest in Ramu is valued at A$100 m and Frieda A$25 m, so long term prospects outside of Kainantu offer additional value. Their debt is offset by cash in hand, and yes cash will be required to move Kainantu to profitability, but they are in a positon to do so. There are risks associated with ramping up an underground mine, but let's assume they overcome these, then the current share price is very cheap. IMO a wonderful prospect that will be realised.
HIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
