Member Info for bonker99

guys are funny :)

No idea but if they want to take this to 25p they will do, period.

That's a big un.

The usual corrections to that last post then - I can't get two minutes to myself uninterrupted this week ...

+1/4m oz from the 2019 resource levels courtesy of the $5m 2020 drill campaign I meant to say.

Plus LoM extension for Yanfolila to at least 2025 of course as the original production started four years ago with a LoM of seven years to end in 2024.

"There are sound reasons why metallic money, gold and silver, have always been money used as a medium of exchange. And as Figure 1 in this article illustrates, relative to bitcoin gold is now less than 1% of its value in 2016. Bitcoin is the bubble; gold has become the anti-bubble."

That's quite a stat.

It does make you think because BTC is incredibly retail and Gold is incredibly not.

I can see some head-in-hands moments re these two instruments over the coming year. I do like retail-heavy stuff but you've gotta be in early and ensure you time your exit well otherwise you can end up taking quite the haircut when it, inevitably, falls to pieces.

Afternoon.

Only time will tell on the Gold price but I like Summer 2022 for the beginning of lift-off as I've said before.

We may have to "suffer" the $1,700-$1,900 range for the next nine months but I think it'll be worth the wait as goldies continue to balance their books, pay off debt and book more cash onto their balance sheets.

I did a comparison of HUM with a few more goldies yesterday and they all look the same to me - at least double the current SP in around 12 months time.

I also did a review of Yanfolila LoM/Kouroussa timelines/LoM & Dugbe too this morning.

HUM managed to pick up another 1/4m oz from Yanfolila in 2019 from that $5m drill campaign so I'm hopeful we'll see at least that amount being added to resources soon with new booking to reserves with an updated mine plan in Q2 2022 following 2021's $10m campaign. Some of the SE hits were very nice.

It would seem reasonable to guesstimate that there'll be another tow or three years added to the LoM to take it through to 2025. I note, however, that the stated aim/expectation is to not only increase the LoM but to also increase the current 100k oz pa which would be a nice double-whammy.

The 500k oz @ 3.5 g/t at KE - underground - could be a nice little earner down the road too.

By 2025 Kouroussa will have been in production for a couple of years too so the overlap with consequent knock-on effect to the cash build will be very noticeable, particularly if Dugbe is also producing from 2024 for a grand total that could, conceivably, reach 350k oz pa for a couple of years, or more if they go underground at KE.

That's almost CEY scale as I mentioned the other day but at 1/16th of the mcap.

Nice.

Happy to sit on this for at least a year, regardless of SP moves from here.

Afternoon all.

A handy drop while I was away yesterday then - my FRES profits order fired at 17.5p so happy with that.

Re news/timing etc - we can expect the updated Mineral Resource Estimate for Dugbe at any point in the next 2-3 weeks IMO and I expect us to go sideways/triangulate up/down between now and then.

I'm looking forward to that Dugbe update.

Kouroussa Maiden Reserve to follow in December perhaps.

Plenty to look forward to in addition to Villa murdering The Hammers tomorrow afternoon :)

Have a good one y'all :)

Morning.

OK - hold 5.5p from here and she's good to go.

When doesn't it? :)

10p minimum.

Morning.

I don't think you quite understand how this works - when the money guys have got their fill, news will drop, quite often shortly after something else tops out.

Geddit?

It's no coincidence to my eye that the Dugbe DFS is dropping in early Summer next year and I have Gold flying from Summer next year.

Just play the game.

It's fine guys, it's just people/money :)

Correct on the EPS but it won't be $1,800 Gold by the time Dugbe comes online, it'll be $3k.

Have a good weekend y'all as I'll not be around much tomorrow - I have a buy order in with my FRES money just in case of course ;)

I know I'm killing you guys but you're free to buy on the open market just like everyone else :)

You can have some of mine at 40p in Q2 2022 or at 65p this time next year?

Deal?

Chalk up another cool 1/4m for someone.

After hours obvs.

Funny old game :)

I wouldn't be surprised if it was at 10p next week.

Funny old game :)

As soon as they've run out of the "seller"'s shares the NOMAD will magically find his pen and drop the next news - the "seller" was down to less than 3% months ago, they've gotta be running on fumes by now.

Pending Home Sales:
YoY -7.2%, Exp. -3.1%;
MoM -2.3%, Exp. +0.5%

Lordy ...

Gold @ $1,810 and rising on the US open.

$1,830-$1,840 with a chance of $1,900 IMO.

Got Gold?