Hummingbird Resources Share Discussion Threads

[lowtrawler] 16/6/2022 15:43

PH, I said the value of HUM was underpinned by Yan and Kor, Dugbe was not in the price. It is not the same as saying Mali or Guinea are better than Liberia. I have NEVER made such a comparison.

[plat hunter] 16/6/2022 15:41

Actually george in addition to my limit, just took 8912 for 11.2Cash to burn... come on ;-P

[plat hunter] 16/6/2022 15:29

Yes you did LT... I asked why don't you sell if it's so bad and you said you that you prefer the value on offer for Yan and kor or words to that effect

[plat hunter] 16/6/2022 15:28

Understandable george.. i have covid and rarely suffer fools when I'm tired.Limit in for 10.5... what's your's set for?

[lowtrawler] 16/6/2022 15:26

I have never once made comparison between Mali, Guinea and Liberia.

If you think Dugbe is worth 500m, you should buy some VEIN. I'm not attempting to assess value, I'm observing what value the market is currently placing on it.

[ukgeorge] 16/6/2022 15:24

You seem very tetchy Prat Hunter.

You should just relax, after all you think Dugbe is worth $500M and you were saying that a takeover of HUM is likely coming, just chill out buy some more!

I mean it is not like that yanfolila is losing money, the gold price is down, capital costs are rising and the company has consistently under delivered, done under hand deals, management has few shares nothing to worry about at all.

[plat hunter] 16/6/2022 15:16

If you genuinley believe that 2.2 million drilled out ounces with direct access to an international shipping lane is only worth 50 million when Endeavour just paid 90 million for 450k in land locked mali then you're an idiot and not really worth listening to, you ain't going to teach me nothing.Literally can not belive you're talking about jurisdiction security of egypt and liberia and then say you prefer mali and guinea in the same breath. I could do with cooling down in this heat, let me have a big sniff of that giant flower on your oversized lapel.

[lowtrawler] 16/6/2022 14:59

PH, I never mentioned roads, I think you're confusing me with someone else. We are not comparable to other projects - our IRR is lower and we are in a less hospitable region. We have no better means to value Dugbe than the VEIN price, anything else is purely speculative. If you think Dugbe is worth more, effectively Yan and Kor must be free!

[plat hunter] 16/6/2022 14:58

Liberia is too dangerous now but Mali, that like disney land ha ha ha.Mickey mouse in the house

[plat hunter] 16/6/2022 14:51

I did say LLB... cey also shift over 7 million tonnes a year too.You can't compare the internal rate of return for an asset like dugbe or Sukari with an asset like kor and yan. The IRR of the latter is because the capex is much much less.

[laurence llewelyn binliner] 16/6/2022 14:31

#Lowtrawler, interesting to see the DFS numbers for the Sukari mine at 28.4% IRR, which does not make our 26.35% for Dugbe at a base 1,700 POG / 1005 AISC look so far off does it, and the Egyptian Gov are taking half of the profits against our 10% Liberian Gov free carry interest..

No one will be doing anything without a BFS and the ESIA, then look again in 12 months time when they are both nailed on..

Very interesting to see how it unfolds now, some may take the view that 3 years out from now if/when producing, the likelihood for 2,000 POG or higher is far greater than 1,500 and push on with it..?

[borderterrier1] 16/6/2022 13:53

Lowtrawler I see things are looking good this morning? What a super shrewd investor you are! ROFLMAO!!!!!

[plat hunter] 16/6/2022 13:26

At current prices CEY must be a sitting duck?Interesting comment from Newmont CEOGold's floor price moving higher, Newmont CEO Palmer saysâ€?Newmont (NYSE:NEM) CEO Tom Palmer is not predicting a gold price rally, but does see a higher floor forming under the market, with prices poised to stay around current levels of ~$1,800/oz and possibly a bit higher, Bloomberg reported Wednesday.Palmer is willing to forecast more support when prices dip, a floor closer to $1,500-$1,600/oz compared with a previous floor of ~$1,200, according to Bloomberg."I see no reason why you wouldn't, over the next year or two, see it around current levels, but more importantly sitting on top of a floor that has fundamentally moved given the events of the last couple of years," Palmer reportedly said at the Prospectors & Developers Association of Canada gathering in Toronto.Palmer also said the gold mining industry will need more mergers and partnerships to dig up harder-to-access deposits in an environmentally friendly way."We are seeing lower grades and more-difficult-to-reach ounces," according to Palmer, and the ability to tap those ounces while assuring the industry addresses "critical sustainability issues" will require access to capital and agility.

[plat hunter] 16/6/2022 12:38

Re Sukari... thanks for that, nice to know my assumptions that dugbe being comparable to sukari as realistic.

[plat hunter] 16/6/2022 12:33

Put it this way, if someone wanted buy dugbe LT, they won't be chipping away on the tsx

[plat hunter] 16/6/2022 12:31

LT you need to look at recent M&A transactions and the average price paid per ounceMarket cap is nothing but a short term opinion I'm afraid.

[golden prospect] 16/6/2022 12:22

Security issues are nothing new for those invested in Mali, however this has just come to my attention, 2 hours ago 16 JUN 2022



Other general story from site

[lowtrawler] 16/6/2022 11:55

PH, I've no idea how you arrive at a 500m value for Dugbe. VEIN is the closest we get to providing a value and their 49% stake is valued at £23m.

Regarding Sukari, their BFS had an IRR of 28.4% base case, rising to 37.8% based on inferred pit expansion and further enhancements not included. They had an 80% recovery rate and it was all based on $300 gold.

[plat hunter] 16/6/2022 11:12

I hope we don't sell dugbe but if we do and given some recent transactions notably endeavors and B2gold's, dugbe is worth circa 500 million in it current state.Trolls and MM's doing a sterling job, taking it down from here.

[creditcrunchies] 16/6/2022 11:00

Problem is they miss expectations every time hence the share price getting closer and closer to zero. They have to achieve real results beating expectations. This is why the CEO is past his sell by date shareholders have to get him removed

[laurence llewelyn binliner] 16/6/2022 10:09

Oven ready, fully permitted projects with a strong DFS are not something you can pick up off a shelf and cherry pick, they are a 10 year shortcut to getting your hands on 1, and just going through the Kouroussa purchase totalling up the ounces in the ground found uptick payments, the royalty and the initial consideration is coming in at a USD100M cost to HUM, then the USD100M to build it, and Dugbe is double the size so it has a value, a big value..

It is a matter of who/how/when it is taken forward..

2nd half of June now, and closer to finding out if we really have turned a corner on the operational front at Yanfolila at last...

[plat hunter] 16/6/2022 09:01

I'm of the opinion that gold mining is a marginal practice full stop and the lower the grades the higher volume you need to process. Think wallmart's "stack em high" strategy.I've been trying to find sukari's dfs, as their grade was around 1% and in the middle of a dessert.