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MOY millennium minerals limited

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I think your own summary answers your question:)

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bevter

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24/08/16

10:10

Post #: 18633516
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Originally posted by sailnyssa ↑

I can see people have made large profits here since last year's cap raising. I am new to gold stocks and wondering where MOY will go from here. I see estimates based on existing reserves of $40m free cash flow pa for 4 yrs or so, possible upgrade of reserves to be announced in Oct, no debt, great management etc. But with a market cap of $279m, does MOY offer value as a longer term holding? At what point does MOY start paying dividends? I didn't see any discussion of that when looking through the last year's prospectus or more recent MOY presentations. Given recent weakness I have already put a toe in the water and am considering topping up. Thanks in advance.

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I think your own summary answers your question

MOY Price at posting: 36.5¢ Sentiment: Hold Disclosure: Held
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I think your own summary answers your question:)

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