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0.00% 57.0¢ ten sixty four limited

Can Someone Please Explain

  1. Discoveryman
    302 Posts.
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    29/01/15
    20:41
    Post #: 14662567
    Last Q MML produced 21T ozs at an AISC of around US$1250 and had 15.5 million in the bank

    This Q they produce 26T ozs at an AISC of US$989 and sold their gold at an average
    of just under US$1300 which gives a margin of about US$300/oz but they now have
    US$2 million less in the bank.

    I though the idea was to generate a profit and build the bank balance
    MML Price at posting: 85.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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