MOY millennium minerals limited

Ann: Updated Mineral Resource and Ore Reserve statement-MOY.AX, page-9

  1. 250 Posts.
    lightbulb Created with Sketch. 40
    Pretty simple maths. Reserves ounces divide by yearly production rate gives a little over 2 years. They have increased the LOM by 16% after mining activities for the half, you realise this means they are adding to the inventory by 16% (increased) they have a whole quarter worth of production at hedged pog of 1762. Not many debt free companies growing their reserves by 32% each year and making ~16million free cash each year around. If there is name it.
    Last edited by colesyoz: 27/10/16
 
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