Hummingbird Resources Share Discussion Threads

[ukgeorge] 11/1/2018 14:53

looks like about 10kg to me. Every little helps :)

Commercial production/steady state is targeted at 10koz or 330kg a month

[zeberdie] 11/1/2018 13:36

POG $1322 Everyone loves a 25kg lump

[croasdalelfc] 11/1/2018 13:07

The bar on the left is bigger and has a stamp - possibly xx smk 001

[zeberdie] 11/1/2018 12:55

GOLD BAR PICS FROM YANFO ON TWITTER

[croasdalelfc] 11/1/2018 12:54

Is that 400 ounces a bar?

[croasdalelfc] 11/1/2018 12:52

https://twitter.com/hum_gold/status/9514361865345146882 gold bars on show - on time - on budget

[charles clore] 11/1/2018 10:33

squash - because the price you paid was below mid price and advfn automatically defines it as a sell.

[squash90] 11/1/2018 10:21

Why are they showing all trades as a sell mine was a BUY ?

[rickyhatton] 11/1/2018 08:22

High to a certainty imho, particularly from the newctargets! If successful

"The Company has identified two additional targets at its Tekeledougou Project, which lies about 60 km south of Sanankoro and within 8km of Hummingbird Resources' Yanfolila Plant. Hummingbird Resources is a 33.85% shareholder in Cora"

[croasdalelfc] 11/1/2018 08:17

What is the chance of transporting ore from Cora fields to Yanifolila ?

[rickyhatton] 11/1/2018 08:10

"Cora is planning to complete up to 2,000 metres of combined AC/RC drilling on these two key targets at Tekeledougou by the end of Q1 2018."

I read this as probably a strategic switch of emphasis for much nearer time and cheaper production (and cash flow) and a win win for both Cora and hum.

[catsick] 11/1/2018 07:34

Cora drilling results out with nice visible gold, also due to start drilling 8km away on artisinal sites with known gold which I suspect is going to be the ore used instead of agg ore ...

[ih_184073] 10/1/2018 18:13

I just bought some LYD.CA if goldies are your thing.

[croasdalelfc] 10/1/2018 15:34

I think management focus will be on forming up reserves and resources with a view to confirm life of mine to 10 years plus

[shortarm] 10/1/2018 15:25

What are the current broker targets for HUM?

[chipperfrd] 10/1/2018 12:40

I don't see the current level of resources and reserves as being a problem.

The Komana E & W reserves will cover the first 6 years and are in any case likely to increase over time. Reserves are currently c. 50% of resources so there must be a reasonable probability of more oz being converted to reserve.

There are then another c. 744koz of resources amongst the satellite areas which are not yet included in the mine plan (Guirin W, Sanioumale W & E, Gonka, Kabaya S, and Soloba/Koma). Clearly these will all get more attention now that production is finally commencing and I would expect the overall level of reserves to increase YoY above depletion.

Then there is Cora and presumably other opportunities amongst the gold belt in their area.

So plenty of time to expand reserves and mine life.
Chip

[zeberdie] 10/1/2018 12:05

why 7000 ? at 132k in the first full year thats about 2600 per week. Give them time to ramp it up a bit. Blokes need to be trained and systems need bedding in. 3 to 4k would be just fine up until now with the numbers steadily growing up until full capacity around the end of Feb. Anything more would be a bonus.

[charles clore] 10/1/2018 11:51

Surely they must have produced that much by now. Probably closer to 7000 oz imho.

[croasdalelfc] 10/1/2018 11:34

Gold edging up 1324 - it would be nice to get an update re production at end of month. Or an announcement that they are cash flow positive 5000 oz should do it !

[charles clore] 10/1/2018 08:49

Anyone with any sense will be waiting to see the end of the selloff before buying imho

[darola] 10/1/2018 06:23

Pageant reduced to below 5% in November. In June they notified that they had crossed 3,4 and 5%, to 5.33%. So they loaded up at around .25 and sold around .35 so made around 40%. As they'll only need to shift another circa 2.5m to go below 3% we'll soon know if their still off loading. But would have thought there'd be other iis now ready to buy in.

[croasdalelfc] 09/1/2018 22:39

It looks like Pageant went over 5% in early Nov and are now back to 3.5% probably at break even

[zhockey] 09/1/2018 19:41

Charles you cannot compare a new single mine producer with peers on high PEs.

HUM do not have 10 years of reserves at present so how can you predict a PE of 10+

This could double in time but they need to do a lot of drilling to prove up reserves.

[charles clore] 09/1/2018 19:24

I wish zh would listen to chip about p/e