MML 2.41% 85.0¢ medusa mining limited

Medusa forecast H2 production and FY outcome based on: Q3...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 139 Posts.
    lightbulb Created with Sketch. 29
    Medusa forecast H2 production and FY outcome based on:
    Q3 production of 28k oz and
    Q4 of 32k oz
    due to increased supply of ore to Co-O mill from L8 shaft capacity increase from 13/1/2015:

    Description.......... Unit..........H2 14/15..... H1 14/15...... H1 2013

    Production......... ounces.........60,000........ 47,877........ 26,089
    Cash costs......... US$/oz...........$381........... $381.......... $422
    Gold sold.......... ounces.......... 60,000.........50,682....... 27,334
    Gold price received US$/oz....$1,250......... $1,234........ $1,304
    Revenues ...............US$........$75.0 M........ $62.2 M...... $34.0 M
    EBITDA .................US$............................. $39.9 M...... $19.4 M
    NPAT .....................US$........$36.0 M....... $24.8 M...... $13.0 M
    EPS(basic) ............ US$..........$0.18.......... $0.128......... $0.067

    FY 14/15 NPAT estimate: $60.8 M
    FY EPS: $0.308 (A$0.394 @ A$1.28 to US$1)
    Share price: A$0.86
    EPS: 2.2

    So the sp could rise by 3x or 4x from here and still have a lowish EPS with further progress expected in the next full year starting in July.
 
watchlist Created with Sketch. Add MML (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.