By Robert Tyerman | Wednesday 15 July 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Out of favour West African gold play Hummingbird Resources (HUM) is trumpeting positive developments at both its key 1.8 million-oz. Yanfolila project in Mali and its longer-term 4.2 million-oz. Dugbe prospect in Liberia. The AIM-quoted company, whose shares have crumbled 80% from their 167p AIM float price in 2010 to 32.5p now, has hoisted likely recoverable grades at the Komani East deposit within Yanfolila 68% to 5.24 grammes of gold per tonne of ore by means of grade control orientation drilling ahead of scheduled first production in the middle of next year.
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