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5.1¢ millennium minerals limited

A P/E of 2.85 & a SP of 30c !!!!!!!!, page-24

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wgdt72

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27/10/16

07:32

Post #: 20152937
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Originally posted by digafarm ↑

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!

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Thanks Diga. Very well stated where we are at. So if we get 2 years that is good and obviously we still have all of the drill programs currently underway to try and keep that LOM

MOY Price at posting: 32.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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