Kainantu could be a company maker for Hig. The only risk, and it is a big one, is PNG. A large and very high grade gold deposit with very significant potential for further discovery nearby. That is something that Hig didn't have when you bought. brisvegas's comments are very pertinent, as an income is essential for a company with grandiose dreams. Hig has the option of acquiring up to 20% of an operating Ramu project, and Kainantu could provide some or all of the capital.
The serviette calculations look good, PNG looks very dodgy.
Billy
HIG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
