Member Info for ngnlnv

Nothing wrong with being conservative with your figures, you could well be right BB2.
I think the burn rate of fuel is much greater than wages at the coal face and so the biggest saving with regards to AISC. However it was just a positive exercise looking from an optimistic point of view and in know way definitive. Good to get peoples differing points of view and in so doing become more aware. Thanks

Agree.

Can't argue with that AW. My pet hate is poor communication. Dan maybe waiting for debt to be paid off, next year I think. However such a small amount used as you say would make a big difference to the market and investors of how hummingbird is perceived.

I think the POG has been manipulated so much that it was difficult to get it right. Now that the disconnect between the physical and the paper gold has been highlighted the true value of gold and gold miners is starting to be realized. That doesn't mean you are not right. Just my take on it.

Thanks GB, I expect our AISC to come significantly down over the next few quarters. Although I have used $850 for my calculations I do not expect it to be that high.

£1.20 and if you ask me tomorrow it will be £1.30;-)

Wouldn't put to much store in their forecast, they forecast 35p in September last year, then 44p Jan this year and now 47p and we haven't even hit 30p yet.

Sorry $1800 an ounce pa should read $124,400,000 and yes conservative would be 10k but I think my using AISC @ $850 is high and with oil getting hammered the running costs should come tumbling down. All just a bit of back of a fag packet fun, to give people something to think about, but fun never the less to gaze into a possible future position.

$9.35 million a month @ AISC of $850 an ounce and POG @ $1700 an ounce running at 11,000 ounces. $112,200,000 pa
$10.45 million @ $1800 = $112,400,00 pa
$11.55 million @$1900= $138,600,000 pa
$12.65 million @$2000= $151,200,000 pa
All with AISC @$850 an ounce Not a bad little earner.

I know I am not the only one that is not happy with the lack of communication/PR but I remember when we got constant updates on social achievements or mine progress
(more before completion ) but has anyone seen anything of the Airfield? Another big plus to be shouted about as it could be crucial for speed of spares being delivered or personnel, and the shipment of gold if for some reason it could not be picked up as per the norm.

With regards to Tekeledougou, I did mention it the other day, that if HUM made a play to buy more shares or all of CORA that could increase our LOM instantly. We know CORA are looking at trucking concentrated ore to HUMs processing plant to keep AISC as low as is practicable.

My wife knows exactly what I am thinking because she has briefed me before I think it;-)

When you have multiple anything you also multiply the risk. I except it would be beneficial to have more than one mine, but we have come through some bad times and lessons learned. So we are now only just running out first mine in a steady profitable way. Another quarter of clear running will be here before you know it and POG remaining high will give us more cash in the bank and more options. It is good practice to have a good war chest before another purchase or risk is taken. I agree that BH issue was at best mishandled and poor communication is still an issue. The rest is noise.

This could be HUMs chance to snaffle up CORA shares or the whole lot for it's second mine. As CORA has also been looking at the trucking of concentrated ore, that would increase LOM if owned by HUM. Win, win

A Hummingbird in the hand is worth 2 GGPs out in the Bush.
Hey see what I done there. I crack myself up sometimes;-)

No I'm not sure Boom just my rudimentary maths, which is why I would like HUM to get a bit of PR and communication out, and trumpet the fact as and when it officially happens. IMO its a huge milestone, and to be celebrated.
@ DIM, I glean a lot from your posts, just wish I could retain it. Keep posting.

Everything down this morning.
Gold down.
Futures down.
FTSE down
Oil down.
Crypto down.
HUM ------- well you know the song now. Sing along:-(
Dollar down

Boom, No I mean the liquid assets is now at an equal to the debt.
You mean the SP for HUM is behaving as though gold was $1100, not HUM itself;-)

Not enough to drop the SP 7%. just the MM taking the proverbial.
Sadly nothing we haven't seen before.
As I said. net debt free now as far as I can see and making £8m to £9m a month.

By my reckoning we are now net debt free. Would be nice if someone from HUM would confirm/ trumpet this truly momentous occasion, alas PR has been a failing of HUM which has peeved me over the years. Ah well the smart people know.