Hummingbird Resources Ord Shs HUMRF

Metals & Mining Gold

Hummingbird Resources PLC is a multi-asset, multi-jurisdiction gold production, development and exploration company. The Company has two core gold projects: its flagship asset, the Yanfolila Gold Mine in Mali, and the Kouroussa Gold Mine in Guinea. It also controls the Dugbe Gold Project in Liberia. The Yanfolila Gold Mine is located in southern Mali, and is a high-grade open pit mining operation with significant underground potential. The Kouroussa Mine is situated in the prolific Siguiri Basin in Guinea and has a high-grade resources base of 1.2 million ounces (Moz) at 3.02 grams per ton (g/t) and Reserves of 647 koz at 4.15 g/t. The Dugbe Gold Mine is situated within the Dugbe Shear Zone and crosses its Dugbe and Joe Village Licences. The Dugbe Shear Zone is located in south-eastern Liberia, located 40 miles by road from the deep-water port of Greenville, the capital city of County Sinoe. The Dugbe Gold Mine is made up of three mineral-rich discoveries (Dugbe F, Tuzon and Sackor).

OTCPK:HUMRF - Post by User

Hummingbird Resources Ord Shs

Bullboard Posts

Comment by ts9222on Aug 09, 2017 5:07am

76 Views

Post# 26559581

RE:Absolutely no action on this board

So many people do that simple calculation subtracting AISC. AISC doesn't include all costs.

Monkeydonkey wrote: No views, no responds, i'll say that is a good thing :). Hummingbird can go to 40p with very little to no resistance.

Whats next in terms of valuation? If start up phase goes as planned?
0.8x(1275-700)x132000=$60M-ish FCF. For a start up company x5 is fair, so $300M market cap.

This is a very simple and conservative calculation. Completely ignoring cash on hand/loans, the value of dugbe!!!,... I think hummingbird will approach that by end of year. Would be 87p or a 260% increase.

Wake up folkes!