Gold up, up - Menzies Gold good leverage

  1. 2,218 Posts.
    This one was been mentioned before I think, but I though I'd mention it again as they've just updated their website http://www.menziesgold.com.au/ They just commenced production in April.

    It was interesting that they buried the very good Rocksteady initial drill results ([email protected] g; [email protected] g/t) in the March quarterly and so didn't get a lot of movement. At around 6.5c, they are capped at AUD13 million, with minimal debt and unhedged as I understand it. They also have substantial brownfields exploration upside in my view.

    They had planned to exploit the low-risk medium grade (3-4g/t) stuff first, but it will be interesting if they can get more higher grade stuff from Rocksteady.

    angus

    I hold MZG
 
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