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5.1¢ millennium minerals limited

as I said I might be making a mistake. But lack of transparency...

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Antipater_100

8,272 Posts.

1589

06/08/19

10:48

Post #: 39878929
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Originally posted by McK: ↑

Fair enough NL - well done on the profit.

Reality is that Moy could have had a bumper July if they had of sourced all their gold or at least the majority from Barton’s.

But they have chosen to stick to a 50/50 mix between Barton’s UG and lower grade pits to maintain mine life, while still producing at a (now) profitable and positive cash flow rate.

I too craved a shot in the arm from July production, but I have to admit Moy is operating for longer term value.

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as I said I might be making a mistake. But lack of transparency is really something that shits me with these guys. I asked them how much the cost for Stage 1b is and they could not provide a number. Just that cost will be low in the big scheme of things. LOL - Cowboys.

MOY Price at posting: 12.0¢ Sentiment: Sell Disclosure: Not Held
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