Member Info for Ballio

https://www.hl.co.uk/news/2019/8/5/theres-one-metal-worrying-tesla-and-ev-battery-suppliers

Loves a bit of copy and paste i do.

Ballio

I can't believe that the AISC for Dugbe is up In the $1300-1400 range.... That's crazy. I hope I can be proved wrong. Does HUM know this yet with Any level of certainty?

Ballio

Starting to feel a bit like that scene from Gladiator where is being charged by the chariot and groups together with his fellow Gladiators...

HOLD HOLD HOLDDDDDDDD

Ballio

I dont think a CORA Takeover is in HUM's interest. current situation is spot on.

First dibs on proved assets, but with a lesser risk to HUM balance sheets.

Plus a royalty agreement between HUM & CORA for individual assets would in my opinion serve both parties best.

Spread risk, trickle income to CORA to continue firming up (on HUM's behalf) and reduce CAPEX to gain access to profitable ore.

CORA really is a great partnership.

Ballio

mmm hourly chart starting to look like consolidation might be coming to an end in coming days.

And i cant see any reason for a drop back to test resistance or below.

hoping for a 1450 test by end of July??? I think its possible (obvs optimistic). If its broken in such a short term then who knows where gold can end up by Autumn. A lot of global gold bugs throwing very big numbers around, i don't even want to suggest some of those crazy figures.

But i am hopeful still and i think we will be in a good place a business also by Christmas.

Hope everyone in the UK had a nice weeekend out in the garden/sun etc.

ATB Ballio

I have been broken down over the period of a few years now to the point where i expect nothing from JZ and if i get anything, its a bonus.

My mindset is very much, just check in once every few months on this one. Its a very slow commodity market driven play. And they take multiple years just to wake up.

Although i am still positive. I do believe in the jurisdiction, asset, value, economics of the project and the demand for the asset globally.

Jolly jolly jolly - see you at the end.

Ballio

I think since the initial breakout what we have seen are a few efforts to put gold back in its box which haven't had the desired effect and some pretty good looking consolidation to date. I am still optimistic for a short and medium gold price rise into 2019 and beyond. Not sure when the next leg up will be but I think new resistance is forming which should help put a few million dollars on our bottom line.
ATB on a boring day.
Ballio

https://www.youtube.com/watch?v=9eWyySBNTt8

Basically, sit tight with Gold and you are going to be ok for the near / medium term future.

Have a watch.

Ballio

There must be some real sweating going on in some of the trading floors today

I am expecting some negative pressure from US once they open.

But if the pressure is not high enough and the fight returns above the 1360 level then i think we are in for a romp.

Ballio

Looks like a breakout is upon us.

Take a look at the 15 year chart and consider what is happening in the world.

Breakout is imminent imho.

Ballio.

Also. I meant Tekeledougo, not Sanankoro.
But it does seem that the gold belt locally is producing the goods when someone really applies the time to exploring. So general local outlook is very positive.

Ballio

It is more than likely, but at what time that happens I don't know. The potential for additional ore from Sanakoro is massive and has already been outlined as a stand alone mine site, but is within trucking distance to Yanfolila. It seems like a slam Dunk to me. The best and most crucial part of that deal should be the terms of benefit to CORA. In my opinion a royalty agreement would be best. Simple and steady, low initial cash flow for HUM and funding for ongoing exploration for CORA/HUM. But oz's are still being made and a paid and timeline painted for mine plan.

I'm it's own this whole CORA opportunity is worth a considerable amount to HUM, like I say, it's all about the terms.

Ballio

How low does the inventory need to go before we some real action and people checking their pockets?

I honestly thought we would see a response below 200k.

Now at 158k

Ballio

Asking for smaller quantity buys, cant get any.

Fill placed.

Come one someone let me in....

Ballio.

I've managed to find a few quid to lower my avg and add to my hopeful dividend share.. This is my last buy.

Good luck this year everyone.

ATB

Ballio.

https://www.youtube.com/watch?v=mGOMgwLK9Kg

Kitco Metals Nickel interest

Project valuation is pretty scary as a range.. $3m to $100m.....

Whats happening here could not be a better example of "out of impatient PI hands and into sticky and confident II ones"

I think i will continue to stick around and top up when i can for another year or two.

Seal of approval for me.

Just like Dry Roasted Peanuts

These guys cant get enough. That is a significant stake.