OTCPK:HUMRF - Post by User
Post by
austrochrison Jun 08, 2020 1:31pm
227 Views
Post# 31124960
Very undervalued goldproducer in westafrica !
Very undervalued goldproducer in westafrica !Hummingbird is now debtfree . The news today were great !!
Hummingbird is going to double production to about 220 000 ounces / year .
No further debt is necessary , at a goldprice above 1500 Dollar .
The current cashflow / year is about 96 Million Dollar / 1700 Dollar goldprice / 1 year .
So the capex of the second mine of 90 Million is no problem .
With both mines in production the cashflow is about 180000 Million dollar / year / 1700 Dollar gold price .
Marketcap now about 122 Million US Dollar .
This is so undervalued and now debtfree . ( more cash on hand as debt )
I am sure that endeavour , teranga , nord gold , b2 gold or barrick will take a look to this producer with a deep discount in the current market .
A 5 bagger next two years ! ( without higher goldprice )