Member Info for chrisc32

2.6 million shares bought at 6,5p full ask. With underground mining due to commence late next year, this looks to be a significantly undervalued gold miner.

http://www.telegraph.co.uk/finance/markets/questor/8171212/Questor-share-tip-Cluff-Gold-announces-new-gold-find.html Massive news today in tems of potential IMO

Really pleased at the RNS yesterday, and agree that the price should be well supported at the current level now, with decent newsflow to come in the very near term to drive it higher. I'm particularly excited about Nkout, and we're due assays this month

It means that someone else besides me sees the undervaluation and potential, and has backed it to the tune of well over £1m. Consider HMB producing between 2000 and 2500 ounces/month. 24K-30K ounces per year Cost/oz around $600 = $18m to $24m profit from mining operations. Deduct for G&A costs and those costs associated with developing the underground mine, and HMB should be left generating a profit whilst progressing towards an operation targeting 100K ounces/year. Looks to be at least 5 times undervalued if all goes according to plan over the coming months. HMB are also targeting 40K ounces from the open pit alone. This would yield $30m+ on its own, and makes the market cap of £32m look decidedly cheap. The new CEO has experience of operating mines in severely cold environments, and has purchased shares himself. Great potential IMO.

1 million share buy from yesterday too. Might add even more here, as it appers to be drastically undervalued, but what to sell?

Really dumbfounded that the SP is yet to really take off here, given the high gold price. Maybe starts today?

IMO. HMB is worth 30 mins research to look at the potential once underground mining commences.

The news will come here, it's just a case of when. With gold performing so well, the NGLM scoping study and resource upgrade will probably be well received should it confirm 100K ounces/year and a 2 million ounce resource. Nkout still the game changer here IMO, and probably will be worth more than the current cap on its own. Putu resource upgrade also now due in 2010. Cracking share this one, having bought in the 70s. Holding for at least 300p.

for me - plenty of upside over time IMO.

Besides the placing at 116p, the drilling news in the RNS is highly encouraging. Agree that on a 12 month view these should do well provided that gold holds current levels or thereabouts.

£1, £1.50, £2. There's been a few suggested, all significantly in advance of the current SP. Let's not forget that the new C.O.O bought shares at C$1. He obviously sees plenty of upside.

This looks very promising.

39K bought by new Chief Operating Officer Luis Tondo is the key bit of info there

Suey77 - I quite agree on £1 short/mid term.

The Naked trader bought in at 49p as per his website today. Target £1. When you look at the numbers, and the potential, the market cap really does look very undervalued. Just my opinion, and DYOR etc.

Not out of the question IMO, given that the current market cap is just £36m, with cash of $10.7m and profitable production that is projected become more profitable still as arenal deeps yields a higher grade of gold and costs per ounce are projected to fall.

Would have thought it would have met with more interest. Under the radar perhaps?

Agree entirely. Slow and steady suits me just fine.

You're right of course, it just strikes me that OMI seems relatively unnoticed still.

1.9million ounces, profitable production, $10m cash and rising, increadibly exciting exploration potential. This is without doubt the cheapest gold miner/explorer I can find despite the recent rise. Can't believe the quiet board here. Wakey wakey,