MML 2.41% 85.0¢ medusa mining limited

No I'm still hanging my hat on 160,000 ozs in FY18 with 11...

  1. 6,756 Posts.
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    No I'm still hanging my hat on 160,000 ozs in FY18 with 11 months use of the E15 Service Shaft as that increases the hoisting capacity of the L8 Production Shaft from 1,100 to 1,700tpd which increases the overall hoisting capacity from the three shafts(L8,Agsao & Baguio) from 1,550 to 2,150tpd or a nearly 40% increase. This together with the higher grades that they would now be getting from L8 & L9 will increase this year's original estimate of 105,000 to 115,000 ozs (given on 30Aug16 in Full Year results announcement) - and I bet they were expecting 115,000 ozs+. Add 40% extra hoisting capacity plus the higher grades and you'll get to 160,000 ozs for FY18 but it will make a difference if the E15 Service Shaft is not available from 1st August - they have not changed the July date as yet so given continuous disclosure rules I'm still counting on 11 months use. I haven't bought a million of these in the last three months
    expecting anything less than 160K ozs in FY18.
 
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