From the article, I found the following very interesting:
It also knows there is plenty of gold underneath the pits it has mined. But it will take modifications to its plant to increase recovery rates from the fresh, non-oxidised, rocks below. And, as with the Goldfields, Millennium is sure there is far more beneath the shallow pits it is currently mining.
Until guidance on those plans comes later this year....
So the long term plan is not just surface mining, but to drill deeper for the potentially higher grades with a modified (higher capacity ?) plant.
MOY Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held