Exactly. Those last three trades today were my buys. I made the judgement that the price was brought down by the MM's, and that has nothing to do with CMET- as evidenced by miniscule volume.
Thanks for that. I couldn't make the Q & A podcast, so a bit behind the pace. Does anybody have a link please ? somebody posted one but I couldn't get it to work.
The guidance from the RNS earlier in the year said that the ramp up was from quarter 2. Given that the main reason, apparently for the reduction in production was due to excavator issues which should have been sorted now you'd think they would be at full capacity.
At current gold prices, and assuming the mid points of the AISC and Production Guidance PE of HUM is less than 2. FTSE PE ratio is over 15, with considerably less upside than HUM. On those simple metrics this is a 10x bagger.
If we own 51% of the project and that MC is for Pasofino alone not the project does that mean the value of Dugbee to us is at lease that ? Bunker Hill is worth about £2.5 m I believe? How much is Kourouusa worth today ? With HUM having a MC of £52M ,chuck in cash and inventories Yanofilla is for free ?
I notice there is not much on the economics of the project eg IRR, NPV. You'd think with the grade, near to surface etc they would be compelling. Have they published them elsewhere ?