G’Day
@speculator101 seems I’ve followed you over here from BRU. Sold my BRU and have found a new home in MOY. Think it’s a company on the move...
I’m see pretty much the same as yourself...
September Q;
-$17.8M cash & bullion
-$10M debt ($17.5M loan facility)
-$25.3M liquidity
December Q estimates;
-$12.5M revenue, conservative (25,000 ounces at $500 margin (ASIC $1,200 - realized gold price $1,700)). They have stated for Dec Q ASIC is estimated at $1,150 in Dec presentation & realized gold price is probably going to be closer to $1,750. Revenue for Dec Q could be $15M.
-$10M debt ($17.5M loan facility) to remain the same
-$30.3M cash & bullion
-$37.8M liquidity
Production of 10,193oz for the month of September which is very promising. Seems processing plant improvements/upgrades are kicking in. Head grade is very promising.
Very aggressive exploration and mining program. I do believe the updated reserves shortly will be 4yr mine life, and will be 7+ years by CY end 2019
Good management that has seemed to deliver projects on time and budget.
March Q will see $15M for sulphide expansion project & $5M for exploration. Well funded, plenty of liquidity. The
June Q will be the big one for MOY.
I’m guessing;
-30,000 ounces
-realized price of $1,800
-ASIC $1,150
-$19.5M in revenue
2019 seems like the break out year for MOY. As long as gold holds/continues its run. Market cap of $140M seems undervalued compared to peers with less production, same or higher ASIC, not as good infrastructure or potential upside in reserves.
GLTAH
