MOY millennium minerals limited

Ann: Updated Mineral Resource and Ore Reserve statement-MOY.AX, page-5

  1. 80 Posts.
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    A great report, LoM now a bit more than 2 years (184 koz), in the higher end of my expectation.

    The key takeaways from the report is the acceleration of the deep drilling which holds higher grade.
    Furthermore we have a solid production looking to close just around 85k oz which is the absolute top of guidance. With $25m at hand the EV is just $225m currently, which in my perspective still is a bargain.
    Also note the smart hedge made by the mgmt in Q3 securing a fat profit at $1750.

    Lastly this one is good:
 
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