Indeed, MOY can definitely pay for it without debt or capital raising.
Even a round of pre-sales or a quarters pause to drilling would suffice.
Albeit it never ceases to amaze me that gold stocks go down when the wider market has a pullback, despite the fact that gold and AUD gold in particular stands to benefit most from turbulent markets.
MOY is holding just fine at the moment but other goldies are dropping despite AUD gold going up!
Glad to have this one in my portfolio, big time!
MOY Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
