X64 0.00% 57.0¢ ten sixty four limited

medusa in fy2011

  1. DSD
    15,757 Posts.
    Tomorrow is end of Q1FY11. I anticipate the qtrly will show that MML:
    1) achieved record gold prod.
    2) cash cost remaining below $200/oz.
    3) record profit for qtr due to higher gold price.

    Looking fwd i anticipate we'll see more gold discovered and updates made to reserve and resource. Closer to AGM we'll learn what plans for prod MML have for CY2012. Current mill is at nameplate. We may see ann to obtain another mill and a subsequent increase in production from Coo mine. We'll also get updates re Medusa's other prospects. Of all my (4) gold shares, i am most confident with Medusa.

    Am expecting strong day today after POG burst through $1,300 barrier.
 
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