Company retains its PNG focus

摘要

WITH ITS MARKET capitalisation at cash backing only - and no premium factored in for its world class Ramu and Frieda River projects - it would seem Highlands Pacific Group Ltd remains in the shadow of its troubled past. By selling its Kainantu gold mine in Papua New Guinea to Barrick Gold Corporation in December 2007 for 141.5 million US dollars and paying back debt, Highlands effectively wiped its slate clean, leaving it 25 million US dollars in the kitty.