MOY 0.00% 5.1¢ millennium minerals limited

Big times ahead, page-66

  1. 387 Posts.
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    Was thinking the same thing. I am guessing they will now run over the $15M budget estimated for the sulphide expansion...and the cash & available credit facility of $18M will be much the same at the end of the March Q?


    Will production be affected in the March Q, or potentially June Q with commissioning in April? as per December corporate presentation on page 7 it shows production down from the December Q...which I can only assume would have been the commissioning of the sulphide expansion?


    https://hotcopper.com.au/data/attachments/1407/1407696-6775a231dd65d85a5063ac8172c7ebe5.jpg


    I think a decision on Golden Gate U/G will be soon, but put on hold until second half of the year as they will be watching the $$$. 


    This is why I still don't see a significant rerate until after June Q (unless pog jumps), even if we get a reserve upgrade as it's only estimated to be another 100,000oz. 


    https://hotcopper.com.au/data/attachments/1407/1407701-b568277c0d5b08d73c21a36b1efe3e2d.jpg

 
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