RE: Thoughts on gold poured in July25 Jul 2024 19:24
Hi swatton, only just seen your post after travel Ng through all the dross.
I'd be happy with 5k if they're kind enough to give us the monthly prod figure. Not sure that they'll announce commercial production in the Q2 report though but we've got to be bloody close. One saving grace if we're waiting several more weeks for commercial production is that Kor doesn't need to be at full commercial production for HUM to have commercial production at group level.
With HUM now seeming through the marginal and transitional ores, the excavation will will be more targeted ie cheaper to mine and Yan underground works and excavation is now complete, so also cheaper to mine going forward.
Not including debt capital Opex for both mines should be circa 200 million. 80K ounces brings in 180 million on an average price of 2250.
Just 5k a month from kor at 2250 and it's another 130 million for what would be considered a production failure.
Free cash flow of 90 million if Kor fails... If it doesn't and we get the 10k a month as guided from Kor then... well, do the maths. ππππππ