BACK TO SOME REALITY!10 Jun 2018 18:14
I posted this on Thursday night by way of a little bit of number crunching and fun.............the childish noise has somewhat dominated discussions recently so i thought it would be good to post again. Lets see if we get some actual interesting discussion going regarding production figures and likely numbers etc. Apart from the recent incident at one of the future sites to be mined, i feel it is important to mull over the potential that is likely to be being realised as each week passes closer to the end of Q2 and HUM's first full historic quarter of production.
Ok a bit of fun, i thought i would just estimate the gold produced to date given actual numbers and then some educated guesswork based on today's date being 1 week into June production.....here goes...............
Q1 - 18,785 - FACT!
April - 10,423 FACT!
May - 11,300 - GUESSTIMATE!
JUNE (so far) - 2500 GUESSTIMATE!
Total - 43,008oz !!!!!
Ok let's now multiply that by $1310.00 as a broad average per oz - that is a whopping $56,340,480 or �41,939,853
This is serious cash generation, it really is! It wont be a million miles out either, so buy end of Q2 that could amount to $68,000,000 or �50,608,660 which is pretty much 45% of our MCAP!
WOW!
(it is a hot sunny day, someone do a check on those numbers :) )