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5.1¢ millennium minerals limited

News: Australia's miners go for more gold as bullion prices brighten, page-11

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Quanta

11,703 Posts.

1077

14/02/16

14:06

Post #: 17015735
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Originally posted by cjbjb2702 ↑

Quanta,
The only thing missing fundamentally is LOM.
That is currently being worked on and we should know in a few weeks. If we can get LOM back to an initial 4-5 years then look out!
We know from some initial drilling results there have been some good hits with good grades!
Also in his statement Mr Dovaston mentioned "aggressive drilling campaign" and to "Rapidly grow". That is exactly what we want to hear.
Not long to wait really, in a couple of months we will be debt free and we will have a good understanding how we are looking into the future, LOM / production wise.
As far as a $1 SP, anything is possible I suppose but if the GP keeps rising over the year I would suggest 40-50c is quite achievable in the next 12 months.
IMO.

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I'm quite bullish on the progressive nature. December drilling results were excellent for increases in LOM as a resource upgrade is currently on its way. Another drill rig on board confirms Dovastons position to grow.

Could be another NST, thats how they started a few years back by acquiring the Paulsens mine and now worth in excess of $2.5B market cap fully diluted.

MOY Price at posting: 8.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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