MYG 2.44% 80.0¢ mayfield group holdings limited

here we go, page-33

  1. 6,333 Posts.
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    Just listened to teleconference and would like to point out a few things.

    * Plant costs and upgrades have been increased to show a higher production. Which the modeling is now being done, which will involve recent drilling.

    *MYG is looking at 2yr 75k PA and Yr3 100-120k PA.

    *Finance is looking good, a few takers and different agreements on the table. BUT finance is delayed 10-12weeks away from final agreement. Looks to be 100% finance though.

    * Production delayed until Q4 next yr (i said it would be Q3 previously).

    * Price costs could come down 5-7% on energy saving methods.
    Also Admin and Plants costs have been estimated at the highest end to save any further blow out costs.

    * With the new remodeling of mine coming out - expect higher production rates and longer life mine. JG mentioned 20yrs lol.

    All in all - FOR LONG TERM GOLD INVESTORS MYG is looking excellent.
 
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