why is it such a dog?, page-9

petzl.

agree with you re HIG undervalued but......

Recent mining industry journals state that:

1. HIG Mining costs are higher then they thought
2. HIG Process costs are higher than they thought

Whilst they were preceived to have raised the money required to start the project, this is now not the case and more cash will be required.

On another footing, all recent HIG announcements have referred to landowner issues without actually stating what they are.

Yes agree this is a cheap stock and will one day deliver.

But the lack of price action even in todays market shows the instos are not buying the HIG story yet.

Sometimes there is an opportunity cost to having your funds tied up in a daggy stock, as would have been the case in the last 6 to 12 months with HIG. IN fact HIG would have cost you money.

I would forget those production dates you have referred to, they will not deliver on those.

Meanwhile investors are scouring the market looking for gold stocks. I think HIG will shoot higher as soon as there is a breath of news the mine is ready to start.
The next update is critical. I agree with you downside from here looks limited. The only thing that could knock them lower appears to be the landowner issue.

HIG have a large credibility problem but at the end of the day the grade and profitbility of their mine should see this stock a lot higher in 12 months. 100% not out of the question at all. They have to start scoring some runs though for that to happen instead of springing negative surprises.



acturtle