shares mag article & where its headed, page-4

im not saying HIG is not good, i think it has potential, though im not touching anything in PNG, Indoneisa, Phillipines etc etc at moment

Just like to point out on those calcs, 72 million...firstly you need to Discount that back to present dollars, using an approporiate discount factor...with country risk thats around 12%

Then you need to deduct from the present value figure how much they spent on the project itself getting to current status, what has been their exploration expenditure, tenement expenses, etc etc

These will all result in significantly less profit.

But then you can covert to AUD which is a positive.

Then you need to compare mkt cap of HIG against other companies...i think you'll find it does not compare favourably right now

Having said that, if you can stomach the country risk, HIG will be a litttle pearler in the long term.

I got lucky with OXR, dont want to push my luck.

C