Three possible scenarios based on average gold price for Sept quarter of $1275 and quarterly expenditure of $24mil.
1) Company guidance: 21,000 ozs produced giving AISC $1142 resulting in free cash flow of $2.7mil ($A3.4mil)
2) Best estimate: 24,500 ozs produced giving AISC $980 resulting in free cash flow of $7.2mil($A9.0mil)
3) High but possible estimate: 28,000 ozs produced giving AISC $857 resulting in free cash flow of $11.7mil($A14.6mil)
MML Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held