Thanks for the detailed reply CPDLC.
Ok, so they are over the hump capex wise and I appreciate your estimates.
If those numbers are hit, MML will be a very different company. I cannot deny if they are even able to build up a $100m cash balance, my jaw would drop, but.. I will wait and see what happens first.
I did not realise that Bananghilig resource was so big, I guess the grades are too low for a small plant etc.
In regards to PRU, they basically are cash backed and have an E/V of zero, or at least, it was close to that last time I read up on it. They do have a fair amount of capex to go, but they have a USD hedge worth quite a lot so, pretty cheap to me, albeit in Africa which I think has more risk than Phil.
I do agree with you about the U.S gold price, but again, the FED etc seem to have quite a bag of tricks, so I am being very patient with my gold holdings.
Out of interest, do you have a spread of gold stocks?
Good luck with MML, management seem to be prudent enough to reward shareholders, unlike many goldies.
- Forums
- ASX - By Stock
- X64
- citibank buy
citibank buy, page-9
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add X64 (ASX) to my watchlist
(20min delay)
|
|||||
Last
57.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $129.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
X64 (ASX) Chart |
Day chart unavailable