MOY 0.00% 5.1¢ millennium minerals limited

They have 26k hedged over the next 3 quarters @ around...

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    They have 26k hedged over the next 3 quarters @ around $1800.

    They need to hit minimum 20 K a quarter. They have shown on some months when production is 7k+ AISC is approx $1400.

    They will have enough cashflow if costs stay under $1500 aisc, especially in the 2nd half of next year if they don't hedge any more and are selling 100% at spot obviously if gold price stays high.

    Theres also the Capex for the new golden gate underground mine.

    If they can keep there costs under control as there hedges roll off could be a large rebound. Risks are more production hiccups.
 
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Currently unlisted public company.

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