MML Near mine exploration success, page-9

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miningnut

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01/02/19

15:51

Post #: 37302097
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Originally posted by stevea171 ↑

Thanks Ox.
Gold now $1325 and breaking up strongly after the dovish Fed statement yesterday on QT and interest rate pause.
In 6 months we will likely see the Fed having to reverse policy with rate cuts and more QE due to the impending recession.
The interest rate 'dot plot' was always a hoax and is now finished!
Gold is going very much higher as all this sinks in.

So too is Medusa as it's highly geared to a rise in the gold price and a fall in AISC due to completion of the E15 shaft and higher production coming.
MML H1 gold sales were at $1219/oz. H1 Revenue of approx $58.5 million

H2 Revenue est: 57k oz x $1320 = $75.2 million (plus $17 million)
FY Revenue est: $133.7 million
AISC should be falling from $1141 in H1, so free cash flow and profits are set to rise significantly.

Medusa has a very low rating compared with its peers So it's a bargain. Funds will buy in when a new CEO is appointed (announcement this quarter) and they see the company making decent profits, starting with this quarter, Q3..
Private investors can move in (and out) of stocks much quicker than funds.
Civil unrest is on the rise as you say. Markets are overvalued. Debt levels are horrendous.
Gold and the gold miners will shine.

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As long as the right CEO is appointed - needs to have the experience and independence as a Boyd Timler - no more jobs for Chinese boys! I anxiously wait the announcement.

MML Price at posting: 38.3¢ Sentiment: Hold Disclosure: Held
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MML Near mine exploration success, page-9

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