MOY millennium minerals limited
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Keep in mind that since the mine life is

  1. yifuj
    1,131 Posts.
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    20/02/16
    11:52
    Post #: 17072040
    Keep in mind that since the mine life is <2 years, if they dont expand the resource 44.2 mil(or one more year of earnings) is all that they're going to get. Thus, its not appropriate to put a 10 P/E valuation until it expands its JORC reserves. I would say current SP just about fully values it current reserves, and doesnt price in expansion possibilities yet.

    Either way safe entry from here, pretty low downside risk atm.
    MOY Price at posting: 9.7¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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