MOY has a resource of 1.3 million ounces. Some of those ounces are sulphide ore.
It has a lot of exploration and resource upgrades in the pipeline.
It will cost $15m to upgrade the processing plant to unlock all of the ounces.
The concept of "mine life" is an economic one, so that institutions and funds can make prudent long term investments. It is not simply a matter of "oh 5 years is up we're done here."
MOY has $23m cash on hand.
MOY is not going to run out of gold.
When the DOW crashes, gold goes up.
When gold goes up, MOY makes more money.
If MOY goes down in those circumstances, that's when you make money.
DYOR, always have a go at answering your own questions too - best of luck.
MOY Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
