HIG

In The Australian, I read that a Chinese-owned PNG mine (Ramu nickel mine) has been ransacked and damaged.  The mine is worth $2.2 billion.  But it has a small Aussie interest of about 8.5% and HIG has no debt.  Yet HIG is only worth $50 million on the ASX.  To add insult on valuation, it has 2 other tenements in PNG with loads of mineral in it too (no firm partners yet).  The Frieda River copper asset is about a third the size of the massive Mongolian Oyu Tolgoi deposit.

You wonder why the Chinese don't just swallow it up!

If the market dumps HIG today, I intend to pick it up.  The mine is already starting to produce and will be ramped up after the temporary halt for the repair job.