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cheers. TU from me. Imagine if POO went to USD1,400!! But dare...

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DSD

15,757 Posts.

05/03/15

21:59

Post #: 14868353
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Originally posted by CPDLC ↑

Mike

My estimate for 4Q15 at PoG of US$1200 is for Free Cash Flow of US$10.2m.

Changing the PoG to US$1300, FCF rises to US$13.4m.

So an 8.3% lift in the gold price results in a 31.3% increase in FCF.

Over September 2014 MML reported that they had hauled 26,355t (82%) from levels 1-5 and hauled 5,616t (18%) from levels 6-8. So it was predominantly from the higher levels at that time. But the bulk of the haulage will progressively move lower as the higher levels are depleted and lower level stopes complete their breaking cycle and are drawn down.

Hopefully, MML will provide future snapshots of their haulage schedule as it provides a useful insight into the progress at the mine.
CPDLC

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cheers. TU from me. Imagine if POO went to USD1,400!! But dare not go there in my mind. But who knows what will happen over rest of CY15? I rule nothing out. Thing is, if POO stays at USD1,200 and AUD stays at close to 80c.... then MML is a good buy on these figures. If POO leaps, then corresponding jump in SP is far greater.

Last edited by DSD: 05/03/15

MML Price at posting: $1.02 Sentiment: Buy Disclosure: Held
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0 Great analysis

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