If MOY keeps finding reserves at $87/oz costs, then a drilling programme of $14m pa will delineate 160 koz per year, which net of current production increases LOM by 1 year each year !!
Remember gold stocks sometimes act like the POG and sometimes act like a stock....expect a good dose of volatility....but i also expect before 2020 my speculation in MOY will reap spectacular rewards.
MOY is still only in 2nd gear, with future annual pdn of + 150,000 oz pa on the cards
GLTAH
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