MML 2.41% 85.0¢ medusa mining limited

POG at USD1200. What is MML IV?, page-5

  1. 912 Posts.
    lightbulb Created with Sketch. 95
    Certainly a relevant question.
    As of 5th Feb 2016 GP=US$1174.
    200 day Moving Average = 1129
    300 day Moving Average = 1156
    400 day Moving Average = 1175

    There are some Broker reports on the Medusa website:
    http://www.medusamining.com.au/research/published-reports-2/

    4 Brokers Mean Target $0.42:
    https://au.finance.yahoo.com/q/ao?s=MML.AX

    Check out this post by Wieman01 back in October 2015:
    http://hotcopper.com.au/threads/are...2601602/page-26?post_id=16186747#.VrbFSmfVzvU
    Based on AUD @71cents and plugging in the figures:
    Column 1 Column 2
    0 POG MML A$
    1 1100 1.26
    2 1150 1.55
    3 1200 1.83

    For my mind the key to realising these bigger SP targets by Wieman01 is the ‘resource deeps’ drilling program at Co-O. The first drill rig to be installed and commissioned this month, second during the March 2016 quarter. Higher POG certainly helps.
 
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