So today we lean that MOY is unlikely to need a capital raise to fund its expansion to unlock the entirety of its 1m+ ounce resource and convert the resource into economic Ore Reserve.
The announcement is understated but it is a game changer.
The AUD price of gold is holding up well and we will not need a capital raising!
100,000 ounces will come sooner than you think, and mine life will be well beyond 5 years...
Here's to the NEAR FUTURE
MOY Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held