Corporate
11-03-2012, 08:37 AM
Hi all
Apologies if there is another thread running for HIG, but I couldn't find it.
HIG has a current market cap of $150m with about $16m cash in the bank. They are carried by Xstrada to the granting of the mining permit at Frieda.
Frieda is a world class copper/gold deposit with 80moz's gold equivalent!
HIG have 18% of 80moz's gold equivalent. That's 14.4moz's gold equivalent net.
Lots of upside from here and HIG should move closer to 40c as we get near frieda feasibility study later in the year!
Worth a look.
They also have 8% interest in a cobolt project which is about to begin producing. However, no cash flow for about 8 years as they pay down the project debt.
Cheers,
C
Apologies if there is another thread running for HIG, but I couldn't find it.
HIG has a current market cap of $150m with about $16m cash in the bank. They are carried by Xstrada to the granting of the mining permit at Frieda.
Frieda is a world class copper/gold deposit with 80moz's gold equivalent!
HIG have 18% of 80moz's gold equivalent. That's 14.4moz's gold equivalent net.
Lots of upside from here and HIG should move closer to 40c as we get near frieda feasibility study later in the year!
Worth a look.
They also have 8% interest in a cobolt project which is about to begin producing. However, no cash flow for about 8 years as they pay down the project debt.
Cheers,
C