bunky...I submit that info but with a BIG asterisk. I happily did loads of calculations when I was pumping the hell out of Breakwater and TGB a couple of years ago. Sadly my back of the envelope calculations didn't happen within my timeframe. I got disgusted and sold. Both have doubled and more since.
Lesson was that mining is EXTREMELY difficult to forecast. It is dependent on the difficulty in removing hundreds of tonnes of ore daily from a shaft or pit and the unknowns of what grade of ore will be processed. Add complications with getting the machinery to run right, additional expenses from refining or shipping and you have a complicated puzzle that isn't easily solved. I think that's one reason HBM is at such a low p/e. Investors aren't sure it's for real. Both the commodity prices and the output.
That's one reason I like HBM. Lots of history in operations. This aren't new mines, it's already pumping cash and has new production coming online. As you can tell from the variation in results, HBM could have VASTLY different results depending on the various commodity prices. Pray they can keep their loaders in tires and their expenses stay inline. I have more EZM but I think HBM is safer because it has it own refineries, it has multiple metals and mines and all is operating right now. We are not banking on a new operation coming online later. Good luck, Bobwins
News 
Market Data 
Discover 
