MML - CEO Presentation

Boyd Timler, CEO presentation 7 weeks ago in Hong Kong (8 mins):

https://www.youtube.com/watch?v=fP4KC2QmOm0

Take aways:
In operation at Co-O mine for the past 10 years.
Has produced 800k oz of gold in that time.
Has 300k oz in reserves incl in near 1 million oz of resource at Co-O mine.(865k oz at 10.65 gm/ton)

Has the Real Estate for at least another million oz at depth and to the east of the mine not included in resource yet as not drilled to sufficient density to be classified and included as resource. So a long life mine.

Approx 95k oz gold production expected for FY to 30/6/2018.

Has generated $35 million from operations to fund mine development the past 2 years and $5 million to add to cash. No borrowing. No hedging. Cash flow will increase substantially when E15 Services Shaft completes in a few months as this will give the mine 30% extra capacity and reduce AISC.

AISC below US$1000 in last half year incl current investment in the mine, so to fall to sub US$800 soon when investment is complete (at 11th hour in this long program).