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85.0¢ medusa mining limited

Pure lack of maintenance of the shaft has caused MML's problems....

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123emu

3 Posts.

12/01/17

19:06

Post #: 21858074
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Originally posted by cncventure ↑

Well I think the closer we get to the shaft being completed the more the market will price in the increased production into the share price.

Ie if the Q2 report comes out with an update saying that the shaft is still on track for completion in July I think the market will start to pay attention.

I think a few months ago I mentioned I had sold down some of my MML position, but I would consider accumulating again in early 2017... I imagine I'm not the only one thinking like that.

Right now I think MML is being priced as if its AISC is likely to remain around $1000 to $1100 for the LOM, which I can't blame it, MML has made a habit of disappointing (as this latest announcement continues to demonstrate).

So I still think investing in MML is more about whether you believe they will de-bottleneck the mine and get production north of 130k oz pa and AISC below $900.

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Pure lack of maintenance of the shaft has caused MML's problems. Basic 101 maintenance!

MML Price at posting: 48.5¢ Sentiment: Sell Disclosure: Held
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