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85.0¢ medusa mining limited

If you believe gold is headed to under $1000 USD an ounce, why...

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bilsto

1,261 Posts.

37

26/08/15

10:40

Post #: 15877141
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Originally posted by loki01 ↑

worzel

Well done - you are the first poster here to finally hit the nail on the head. Biggest problem was that the ore hoisted was not all being milled - 20k tonnes hoisted more than milled. Had they milled that stuff they would have produced another 3,800 ounces which would have meant their total production would be higher while actual cost per ounce would have been lower.

I was gonna write up some thought yesterday on the situation but my brain is out of action these days. Milling grade improved a bit which was also great to see.

The mill being out of action for over 20 days in the quarter and when in operation producing well below rated capacity.

Good luck all - we goldiebugs are gonna need it as the gold price heads to somewhere under USD1000/ounce (ouch).

loki (ex-MML speculator)

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If you believe gold is headed to under $1000 USD an ounce, why on earth are you holding gold stocks?

MML Price at posting: 52.0¢ Sentiment: Hold Disclosure: Held
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