RE: Trades3 Aug 2023 17:08
Yes Billy I was looking to find those info.
Indeed some 3 moths to ramp-up hopefully full production end of September.
jammin86 you make some good points, although imo they don't justify the current valuation difference, between Hum and other peers with similar risk factors.....
This is why, I am starting to believe that what Hum is missing, is the perception from the market that this is a 220k/oz producer, that till it happens.
I am not saying that HUM sp will go straight to full debt-free valuation, but maybe lets say technically, we could start to see recent 16.5p resistance becoming support..??? Will see...
As you say it is really critical right now that no missteps occurs, hence the very low sp, but as soon as we start to build some cash in the BS, this risk will become less relevant.
On the POG well that is a risk valid for every gold miner and every miner or oiler actually.
Blinking USD look still strong and the Fed won't allow the USD to devalue too much or too soon, but it will happen ......
Mali is more a perceived risk than real and some time, imo it resemble pure racism from investors than real risk.
I mean....not long ago, the UK Gov. raised tax for North Sea oilers to 75%.....Yes you are reading correctly 75%.
And that was from 45%......The Mali Gov. gets some 10% possibly little more....?! I am not sure but is peanuts compared to Uk North Sea oilers...
Moreover the same local disruption or danger you could get in Mali (like artisan mining. thieves etc.) you get it in UK, from people against fracking for example and others...
Nevertheless, it doesn't matter how many valid arguments I bring to the table in this space, if the market decide that say...Mali miners are valued at a PE of 5 or less, in stead of 15 or 20, it is what it is, the market is always right.
But beside all these short term speculations from me...the real investment case for Hum is beyond 2023.
Indeed 2024 look imv fantastic, for Fed stopping rate rise, POG going higher, and Hum paying down debit and proving operation reliability...
This is why my time frame and target is 2024 and at least 3 times today sp.