Member Info for austrochris

really awesome news !

Yes , fully funded . About 4,5 Million Dollar .

Very good start for cora ! And all intercepts near surface ! Great Great !

Really amazing results . 517 gramm gold almost 4 m and 7 m with 258 gramm gold is simply fantastic

https://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/7668c9a8-de9b-463b-8f74-f470d84ee958/CoraGoldLimited_1_3_21_FINAL_BGv4.pdf

Holding now 30 gold , silver and copper explorer and developer and cora gold is also in my portfolio
https://ceo.ca/@austrochris.

Look at robex gold , which is producing in the same region ! The shareprice moved up from 6 to 40 candollarcent !

And the payback is closer to 1 year at 1700 Dollar gold price ! Above 1800 Dollar under a year , which is very economic in the mining space !

Where can you find a capex of just 20 Million Dollar for a gold mine .
The IRR is very good . At 1700 Dollar closer to 140 % . The new resource should be much bigger and minelife should be at least 8 years . With more exploration more ! The all in all cost should come down to about 800 Dollar with the FS . The NPV should grow ! The strip ratio will be better ! Ithink the economuics of the FS 2021 will surprise some investors ! Cheers !

If the shareprice doesn`t go north , i think endeavour or teranga or b2gold , or even barrick will aquire hummingbird !
Furthermore , hummingbird is now debtfree .

Totally agree you kkkrrr . I see that you also on stockhouse.com !

I think hummingbird needs a listing on amex as caledonia mining ! Caledonia was sleeping for years and now just over 300 % last 18 Months !

I am new here, and usually i am on ceo.ca . if you compare similar goldstocks with the same productionpofile and growthprofile hummingbird is too cheap . If the goldprice will be above 1600 Dollar next two years ( i guess 2000 Dollar + )
they will need no credit for the second projekt . Hummingbird is now debtfree ( more cash on Hand as debt ) Can you imagine the free cash flow of 220 000 ounces .
Yanfiola 120 000 ounces / year / 900 Dollar all in all Costs / 1700 Dollar Gold Price = About 96 Million Dollar
Kouroussa Gold Project 100 000 ounces / 800 Dollar all in all Costs / 1700 Dollar Goldprice = 90 Million Dollar

http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1fdue5u-Screenshot_20200609-082012_Twitter.jpg
buy rating from canacord genuity