Short Term Trading Weekend Lounge: 21-23 Dec, page-25

2019tip MOY

Gold producer with considerable upside in 2019, major shareholders and directors hold 55%

1 - Australia's newest 100,000 oz pa producer, major drilling program already underway for 2019
2 - Plant upgrade complete in Q1 to process the sulphide ore (previously un-processable)
3 - Moving from 3 to 5+ year LOM at $1150 per oz AISC and possibly even lower
4 - The 1st underground mine ever at Nullagine at Barton's is fully operational with drilling to commence underground at much deeper levels.... 2nd underground mine is in the final approval stages at Golden Gate....
5 - A total of 30 deposits along the 40 km strike have been identified so far with only 4 tested at depth to now

Disc: I do hold..... and in my opinion the choppy to sideways price action in the gold price since mid 2016 has played into moy's hands while management have been making very significant progress with the plant upgrades, moving to underground mining and the substantial improvements to the processing flow sheet...... very smart team from the top down... Potential takeover target ???? I'm not sure but there is lot going on at Nullagine.....

@ammie I hope the format was right