Nordesmic I have not given up entirely on this one, while I now...

Nordesmic

I have not given up entirely on this one, while I now have grave concerns about BDR (which I mentioned today on that thread).

MML gives some rough guidelines about production and AISC in the half year report - its in the portion dealing with asset impairments. See page 23 of the report. Note that they see the mine operating into 2023 (but perhaps the drill will find more ore). I think they may be a bit conservative so as not to raise expectations.

http://www.asx.com.au/asxpdf/20170228/pdf/43gfntty2p1vpw.pdf

I think they should be able to produce 120k ounces pa at an AISC of USD900, or a bit better. They need to convert more ounces into the reserve category. Underground drilling has been delayed/deferred for various reasons but they plan or have already re-started that program.

MML is badly managed but there could be some trading opportunities here. Needs a revitalised Board of Directors and key personal.

loki