Member Info for BushyTailed

Debt doesn't necessarily equal credit risk.

Credit risk is the ability to pay the debt from cash flows. HUM's unresolved problem is a balance of payments issue rather than an out and out inability to cover it's long term liabilities.

It's important to understand the difference as that''s opportunity trade here atm

That's not how credit risk works Infinity

Https://www.linkedin.com/posts/james-husband-06b160109_july-2024-kouroussa-site-visit-activity-7229129150714777602-wlpU?utm_source=share&utm_medium=member_android

What's the betting that the presentation happens to be a little slip of the tongue... Finance package already agreed maybe, pushing it repayments out to next year but all of it 11%

Bid ticked up again.

🕑🕒🕓🕔🕕🕖🕗

Found it... First 100m at 8.5% over four years

https://www.voxmarkets.co.uk/articles/hummingbird-resources-secures-100m-facility-to-fund-kouroussa-gold-mine-ef2d0d3/

That's not right... Maybe worth an email to them to correct it... The bulk of the lending (the original package post DFS) was at 8%

Opinions are like bum holes .. everyone has one and they all spew 5h1t

I had Lew but when the posting is quite I switch to an incognito browser so I can see everything 😁👍

Presuming Kor plant operates at just 90% efficiency with an Q3 average grade of just 2.2g/t at 97.3% recovery rate then it will produce 18,643 ounces for the period.

Average grade processed for July was 1.8g/t with mined material at 2.8g/t

I believe this is a very conservative

Bid up, offer up, no volume and I can get a quote for my entire holding at a premium to the bid.

Selling has stopped and now they want to buy. Already noticing a lull in activity from the boiler squad it seems too.

Keep taking those lithium tablets playboy

Regardless 😜😁👍

No dramas, it does no harm to post the actual fact and maths anyway 😜

Bpat.

250k tonnes ÷ 3 × 1.7gt ÷ 31 ÷ 100 × 97.3 = 4,446 ounces.

Now either the grade doubled or the plant is running at 200% it's design capacity

Tony (hopefully) in fact I'm baking on it. There's an easy 50% from here.

At the same rate of processing and mining Kor should be processing 2.7g per tonne by the end of this month

"Through July, Kouroussa mined 683,066 BCMs at an average grade of 2.70 g/t, resulting in the production of c.4,800 oz during the month at an average of c.1,200 oz per week."

This means the grade processed would've had to have been a minimum of 1.7% for the month of July

300k tonnes processed at 2g per tonne (let's be super cautious) with a 97% recovery rate it equals 18,744 ounces

Kor is unhedged so that's a full pog circa 2400 for 45m USD minus opex costs of circa 25 million and Kor is in the black by 20m per quarter.

At an average grade of

2.3g/t = 22.5k ounces

2.6 g/t = 24.5k ounces

3.00 g/t = 28.1k ounces

3.5 g/t = 32.8k ounces

4.00 g/t = 37.5k ounces

This isn't a prediction of what the processed grade will be btw, more of a demonstration to show just how much difference the grade profile makes at at full exposure to gold.

Kor's ramp up from here is undeniably exponential.

You are G7 though 😜