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Highlands Pacific Limited is an established player growing with PNG. Listed both in Australia and Port Moresby Stock Exchange, the company however, continues to record low share price according to Managing Director John Gooding.

According to a statement released today, Highlands Pacific has advancing three world class copper, gold and nickel projects including;

• FRIEDA RIVER copper gold project ‐in feasibility study stage

• RAMU nickel cobalt mine ‐ in production

• STAR MOUNTAINS copper gold project ‐ a new porphyry discovery

Despite, having a promising outlook, the company’s share price continues to perform poorly last year and well into this year.

“In 2013, despite a year of good results and progress for Highlands uncertainties continued; Europe and Middle East tensions, slower growth forecasts in China, mergers and acquisitions and fall in metal prices in the world market all contribute to the low share price” says Gooding.

Gooding however is firm on coppers good fundamentals which implies that Pacific Highlands share price may in time peak.

“World’s population has doubled in the last 40 years to 7 billion and every year will increase by

77 million to 9 billion by 2050.

China’s continuing growth accounts for >50% of copper consumption still forecast at +7.0%

real.  2014 and 2015 will likely see prices drop to around UD$7,000/mt as stockpiles are used

up then a deficit of supply in 2016 onwards.

“US economy is improving and more than offsetting Europe‐recent US slowdown due mostly to

weather – coldest winter since 1982 and 8th coldest since 1950.

“Cile’s extraction costs are increasing although it has the largest known copper reserves. Labour and power increase C1 costs around US$4,000/mt and capital intensity increasing also to over US25,000/mtCu” Gooding says.

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