MOY 0.00% 5.1¢ millennium minerals limited

Big times ahead, page-18

  1. 400 Posts.
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    On the negatives. There was a capital raise at 4c a couple years ago. Moy was in a bad place, previous management, managed it poorly. 


    Mine life has been increasing from the exploration efforts. They keep drilling and keep finding more. It was down to 1.5 years at one point. 5-10 years is target.


    they are already underground. New underground pits will have outlay, the latest underground pit affected ASIC last quarter.


    There is capital expense for the plant upgrade, but only 15m which is 1-2 quarters of profit. This will add sulphides to reserve (increasing mine life)









 
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Currently unlisted public company.

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