MML 2.41% 85.0¢ medusa mining limited

I think MML is being cautious with putting out high targets. I...

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  1. 399 Posts.
    I think MML is being cautious with putting out high targets. I take the 110kOz strategy for the LOM as a conservative approach given the recent grade/production and guidance drop to 108koz. I think the internal targets would be 150koz by 2017/2018 one hopes. Look forward to the Bananghilig deposit and what I also took of it was the following "near-mine" exploration targets:
    Sinug-Ang
     Drill program proposed for Jul 2016
     Follow-up on previous results
     Access agreement finalized
    Tandawan
     Target review
     2 km from mill
    West Road 17
     Ongoing trenching and surface exploration

    Further to the Sinug-Ang drill program, it's a N-S vein system whilst Co-O is an E-W vein system. This bodes well for MML if they can define a resource which looks likely given the following table. I think with the gold price rising in AUD, the prospect of the Bananghilig deposit supplementing ore feed to the mill to fill the 20% utilisation gap, and more resources to come... MML will be worth a lot more than it's worth today. It's a long term play and a good quality one at that.
    upload_2016-5-9_15-30-58.png
    GLTAH!
 
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