So MOY still marches on.!
Have been a buyer for months
MK 123m
No Debt
EPS 10,8c
P/E ratio (Adjusted) 1.53
- Forecast production of 80,000-85,000oz at AISC of A$1180-A$1220/oz for 2016.
-27% increase in Ore Reserves to 159,000oz after just 3 months of
drilling – extends mine life beyond current schedule; total resource
inventory of 1.01Moz.
-Constructed in 2012 for initial capital cost of $89M 1.5Mtpa CIL ore treatment plant located adjacent to the largest deposit in the field (Golden Eagle)
Currently demonstrating ability to replace mined ounces while growing mine life
Then we had the up-date two days ago:-
Outstanding high-grade results returned from all prospects drilled at Nullagine Gold Project in WA
Latest hits such as 12 m at 8.5 gpt, 4 m at 43 gpt, 1 m at 171 gpt and 6
m at 10 gpt to under pin Mineral Resource and Ore Reserve update.
Oh and pog just hit AUD 1778!
What's not to love about this?
DYOR IHANIWIATA