MOY 0.00% 5.1¢ millennium minerals limited

A P/E of 2.85 & a SP of 30c !!!!!!!!, page-20

  1. 80 Posts.
    lightbulb Created with Sketch. 3
    I am convinced that we will see an updated LoM of 2 years, perhaps a bit more. Bearing in mind Glenn is the conservative type. In an interview he gave earlier this year he said they were aiming at 2 years LoM by the end of 2016. Remember they have been depleting on their current resources for almost a year (previously estimated to be 2 years).

    Throughout 2017 we will most likely see 2 (perhaps 3) updates to LoM which hopefully will push us towards 3-4 years. Additionally we could hope for a lower AISC, better grade and therefore higher production. Add to this a raise in PoG and you have a great mix

    Stay put!
 
watchlist Created with Sketch. Add MOY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.