keep the faith

I have been questioning my investment in Mun at the moment so I thought I would go back to the fundamentals

Positives

1. The company has plenty of targets/future potential
2. Recoveries through the plant are 95% v 93% in the feasibility this is great as anything above budget is free and lowers unit costs
3. The Revenue assumption in the feasibility is based on $750 USD at 0.88 Exchange Rate = $852 AUD per oz on current parameters $735.2 USD at .69 = $$1,065.50 per oz
4. Management has more or less delivered on plans

Reasons for the SP being depressed (apart from the turmoil)

1. It is a single mine company which naturally subjectsit to a higher potential risk (this will be mitigated as the company moves through its development plans)
2. The gold price is volatile and investors do not look at the AUD revenue per oz
3. The company generally does not release a regular flow of information

For me however this is one for the medium to long term and I will be adding to my holdings at a reasonable price.