HIG 0.00% 10.5¢ highlands pacific limited

Rivkin and HIG in todays Australian

  1. 400 Posts.
    From todays The Australian by Michael West.
    Rene's nickel and dimes

    WHILE we're on PNG we might turn to nickel, gold and copper with a few words on Highlands Pacific.

    Though the stock has doubled in the past month (Rene's been buying it) it still carries a huge discount for PNG's sovereign risk.

    Noranda is farming into Highlands' big-blue-sky Freida River copper project, there's a one million ounce gold resource (and growing) in Kainantu and the Ramu nickel project.

    Kainantu is shaping up well with reasoned intersections up to a spectacular 60g/t. A high-grade system to be sure.

    And though there's legal argy-bargy between Highlands and Orogen over Ramu, the parties are not too far away, they say, from a settlement.

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