Big times ahead, page-37

Some basic calculations. Is this what others are seeing?

September Q actual;

-$17.8M cash & bullion

-$10M debt ($17.5M loan facility)

-$25.3M liquidity

December Q estimates IMO;

-25,000 ounces

-POG realised $1,750

-AISC $1,150

-$15M in revenue 

-$10M debt ($17.5M loan facility)

-$32.8M cash & bullion

-$40.3M liquidity

March Q estimates IMO;

-25,000 ounces

-POG realised $1,750

-AISC $1,750*

-$15M in revenue

-$10M debt ($17.5M loan facility)

-$32.8M cash & bullion

-$40.3M liquidity

*March Q will see $15M for sulphide expansion project. I’ve just included all in March Q. $15,000,000/25,000 ounces = $600/ounce + $1,150 = AISC $1,750. Should mean no change in Dec Q to March Q in terms of cash or liquidity. 

The June Q estimate IMO;

-30,000 ounces

-POG realised $1,800

-AISC $1,150

-$19.5 in revenue

-$10M debt ($17.5M loan facility)

-$52.3M in cash and bullion

-$59.8M liquidity

The June Q will be the break out Q for MOY in my opinion. It will solidify it as a 100kozpa producer, AISC at or below $1,150, mine life 5+ years, strong balance sheet, sulphide expansion running smoothly, POG around $1,900 and generating $20M a quarter. 

I do see it range trading between $0.175-$0.25 before a significant re-rate back into the 40’s...can’t see better value gold stock on ASX producing 100kozpa with market cap around $150M and on the way up, fast!