mon loans, page-3

Hi All,

Thats right MK has invested alot of his money in MON and will be doing everything he can.

Don't forget that most companies borrow money permanently from banks, MON has not done this so as MON is NOT tied up into any bank forward sales. Many companies (eg HIG) have fallen over with forward sales of gold due to early startup, ramping and teething problems.

Yes wallaha was a dud but everthing is being done to move on to Reverina.

In the end of the day, grade is everything, and gold production for positive cashflow is very important. Cash costs abit high at the moment, but again "MK has invested alot of his money in MON and will be doing everything he can".

Abit of a risk, but the market prices everything into SP.


PS I hold for long-term.