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20/11/17
22:49
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Originally posted by robbo24
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MOY already produces gold from conglomerate. Conglomerate gold is not quite as exciting as you have been led to believe.
You have touched upon the main reason that MOY will become a $1bn company: investment in growth.
The resource increases, the plant investments, the further deposits, so on and so forth.
Not to mention debt free and ability to generate cash flow.
One substantial rerate will be when MOY regains a longer term Ore Reserve which will tick the final box for big boy investors - confidence in the longevity of MOY. It's been absent a while, which has given us value investors the opportunity of a lifetime.
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MOY tenements are loaded with gold and proving up their resource is the right thing to do! They will find multi million OZ, both above and underground, mark my words!