RESOURCESTOCKS

Kainantu readies to break cash-flow drought

FOR $125 million you could own minerals in the ground worth $39 billion. It sounds like a crazy equation, but it’s real. The $125 million is the current market capitalisation of Highlands Pacific Ltd. The $39 billion is the value of the company’s share of the current resource base identified in its projects and joint ventures.

Tim Treadgold

Kainantu readies to break cash-flow drought

The breakdown of the resource inventory is 11.3 million ounces of gold, 2.2 billion pounds of nickel, 216 million pounds of cobalt and 11.3 billion pounds of copper. In terms of a mineral portfolio this...

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