MOY 0.00% 5.1¢ millennium minerals limited

MOY Fundamentals - A snapshot before breakout

  1. 11,703 Posts.
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    MOY is a stand out potential in the gold sector and it is currently undervalued. Some significant price catalysts in the pipeline.

    FA positives
    $139 million in FY15 sales of ~88,000 ounces of gold,
    Generates $7.1M per quarter in free cash
    Has $14.1M cash in bank and is a cash machine
    No debt - Zilch debt free
    Has 4 drill rigs churning on their very prospective tenements fully funded.
    $10M drilling program for 110,000m to be drilled this year
    Has consistently hit exceedingly high grades at surface with length on their tenements
    Has excellent management who have steered MOY in the right direction
    Excellent broker in Argonaut, I rate them highly
    Potential acquisitions hinted
    PoG has been buoyant $1240
    Market cap is only ~$98M. Relative similar peer valuations around $250M

    FA negative
    LOM is about 15 months
    PoG crashes.

    I rate MOY a strong accumulation between 13c to 14c. 2 month outperform time frame.
 
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Currently unlisted public company.

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