MOY 0.00% 5.1¢ millennium minerals limited

News: Video: Interview at the RRS Conference, page-10

  1. 624 Posts.
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    The Aussie based gold producers such as MOY are definitely the safest investment option at the moment. The AUS gold price is still looking pretty good at $1678, healthy margins. Even if the US dollar rises on a rate increase and US gold price falls further, the AUS gold price will be insulated to a certain degree because the AUS dollar will more then likely continue to fall against the US$, some are predicting it to fall as low as $0.50 which seems like a bit of a reach to me, but possible if China growth stalls.
    MOY and a few other Aussie based gold producers look pretty good value at the moment, I will definitely be topping up if the SP falls any further. I think the value will be reflected in the next Quarterly statement which will show a good cost margin and positive free cash flow.
 
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Currently unlisted public company.

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