Share
13,667 Posts.
lightbulb Created with Sketch. 1290
clock Created with Sketch. 04/05/16
00:32
Share
Originally posted by chris1983
↑
Yeah it's right which is why I'm not worried by the day to day fluctuations. I'm sure many other holders don't care about day to day fluctuations either. Bigger picture is that this stock is heading much higher if management keep AISC at the level they have kept it at for some time..around 1200 aud."The strong production performance at Millennium’s flagship Nullagine Gold Project (Project) in WA resulted in the Company generating $7.1 million in free cash flow (before financing activities) during the Quarter.average realised gold price of $1493/oz, consisting of 6843 ounces sold at an average spot price of $1640/oz and 16,217 ounces delivered into the Company’s hedge at an average price of $1430/oz.At 31 March 2016, the Company’s hedge book requires 24,122 ounces to be delivered by September 30 2016 at an average forward gold price of $1608/oz. "
Expand
To be fair the risks are reserves. Still enough reserves established for 18 months of production. For me I'll take that risk as I know they are drilling out the licenses and also drilling the priority targets which in my eyes will lead to finding more gold. The other risk is moving pits as the deposits are small pits. Still they have the chance to hit something big. They haven't even really drilled deep yet. Its all shallow RC drilling.
