Member Info for BushyTailed

"Lob On" if you say it aloud, i bet you'll get what he's upto and stop wasting your time replying ;-P

25k ounces using current 90ma pog of $1,757 Circa 44 Million US
AISC of 1300 give us an EBITDA for the period of 11.4 million with a Net Cash of circa 8.7 million US

Now add to that the 2.7 million (converted to US) from the cora sale and the Q2 Net Cash postion of 12.4 million USD and we close out Q3 with 23.8 million US Net Cash against a MCap of 107 million US

If we at the very minimum meet out the above quoted numbers again for Q4 then we can be looking at closing the year with 32 million US in the bank or 1/3 of mcap and any improvements on the AISC/POG just enhance the book value ratio even further.

It's a bonkers valuation and wholly undue imo. That said I'm hoping it holds for another couple of weeks as I sold my B2L a couple of months ago and I've earmarked 30k of it for here.

Nice muskets :-o

It's probably just as likely that the cora sales went through a brokers client book. No tr1's have been forthcoming, which is what makes me think it was an aggregated settlement.

if you think that's bad, I'm more upset that they didn't jog yanfolila on and took the coris funding to start mining and hoarding bitcoin from $150 now at 45k a pop he's lost bundles of shareholder value.

Correction

*The more money you "CAN" make... It's not a guaranteed never fail plan, you still have to get matched (twice).

Direct Access... Some brokers charge as little as 0.005p per share or £1 minimum per trade for direct access. When there's no liquidity just £100 limit order on each side of the spread, will do more than pass the time. The return will be modest but consistent and obviously the longer something goes sideways the more money you make. Whether you're just looking to recover your capital for a free ride or generate cash flow, it's worth looking into if you haven't.

Perhaps it's down to the labs turnaround times from the point of submission. I doubt it's like the 1 hour turn around option you can upgrade to for your holiday snaps at Boots

POG Q3 to date average is 1795 presuming an aisc of 1300 on 25k ounces

then free cash flow for the period will be circa 12.3 million with net earnings of circa 8.9 million

Even those very **** and conservative numbers extrapolated for a full year and it's still making 36 million usd a year on an mcap of 108 million dollars or PE ratio of just 3.

It's still cheap if it performs badly, then there's Kor and Dug to come which is like having Pele and Ronaldo sat on your subs bench with Pele just beginning his stretches in the technical area.

Well thankfully you haven't been right once so I'm not to worried.

"Playboy007

Posted in: HUM

Posts: 691

Price: 21.25

No Opinion

RE: Really Screwed up26 Feb 2021 08:13
Tiger, if there is one thing these chat boards have taught me, it's that nobody likes receive advice. They do seem to like dispensing it though. Hummingbird to the moon! I've got an alert set at 12p"

And that's another loonie for the filter bin.

Putbitbanother way...

Let's say in three years time the SP still hasn't broke 30p but the company has two mines pouring a total 220k ounces a year with no debt and a 10p dividend.

Would the dan betts still have failed and destroyed shareholder value?

There's seems to have been quite a fair bit of correlation between some individuals overall understanding of certain things with their opinion of Dans performance.

Show me a more transparent and effective bod on AIM, ignoring sp performances as that's not really a bod's job or responsibility and I'll sell HUM and buy that instead.

Ahh fair enough... Cheers tones

Apologies if I misunderstood your summary, it just doesn't reconcile to me

Tones...You seemed to have some how fitted the indicated resource into a sum of LOM that matches the mine plan using a formula that would mean our grade is over 7 grams per tonne and then for the latest round of drilling you claim that it all gets rolled up as lom... yet you've just added the latest 255k straight to the total in years assuming that 5 million of drilling extended the resource by over 30% in 1 round.

My point remains... realistic LOM for yanfolila is not the technical britanica definition... it's much closer to being the indication over production as per your latter example for the 255k

Hopefully we'll see an updated LOM at some point to take into account the full resource but I still maintain it's significantly longer than 6 years.

" The total being 1.92 million ounces of resources (split being 1.47 mil of inferred resources and 0.45 mil of indicated resources). This essentially works out to 7.9Mt of Reserves @ 2.66g/t for c676koz of gold. So that works out to c6 years of mine life. Again, its important to reiterate that this is as at Dec 2020.

HUM have budgeted $10m of Capex spend this year to explore and improve their reserves and resources. Last year on a $5mil budget they increased the reserves by 255koz (i.e. c 2.5 years of mine life)"

That's a stonking price tin cups, if it gets anywhere near 'Simply Wall Streets' fair value of £3.64 then that'll be some gain

I'm in and out of most of the goldies but mainly those that are producing.

Those that aren't producing know the only way they're getting to production is with dilution. Those companies need a higher sp to limit dilution and raise capital easier. HUM have been there and done that and highly likely that they'll never need to again.

Cora will have a borderterrier or two, come a few years time "it's only half the value it was when it was mud field"

Imo now's not the time to be comparing debt free producers with explorers. In other words, buy the opportunity rather than the hype.