Value Microcaps Junior Miners

[dr_airtime]

HUM.L - also HUMRF on OTCBB

Volume is actually better on the OTC rather than AIM! 200k/day average vs. 95k/day on AIM.

Since most European and N.A. Investors look to TSX/TSXV for exposure to PM Miners Hummingbird has been floating in the background. Found interview before and Hummingbird was not on a lot of investors radar before August IMO.

Interview here. The CEO discussed 1) They have a number of term sheets for US 30-35M in debt financing needed to fund all capex. Non-dilutive and should be announced in a couplge months 2)the Gonka (slide 13 in presentation if you link back to my last post) site 5km from plant and should grow significantly and have 4-5 g/t u/g material and add 30k ounces/year for 6 years to production now, but this will grow significantly with drilling. 3) They bought from Gold Fields for $20M in stock and Gold Fields sunk over $100M in drilling into the project. Nice deal near bottom of market.

http://www.kereport.com/2016/08/02/exclusive-hummingbird-resources/

There are actually some pretty good posts discussing development stage west african gold juniors on this channel where I found the interview:

https://ceo.ca/HUM.L