MOY 0.00% 5.1¢ millennium minerals limited

Hedge Retired June?

  1. 12,871 Posts.
    lightbulb Created with Sketch. 769
    It looks like the hedge has been fulfilled as required by 30th June and we are
    now realising a gross margin of $600/oz (probably $500/oz net)
    Last word on AISC was $1200/oz.

    Looking forward :

    Mkt cap................$145 mil
    SP:..........................19.5c
    # of Shares: ............743 mil

    Say 80K ozs a year with $500 mgn = $40 mil
    or EPS:..................5.4c eps
    or a SP of 54c @ a P/E of 10.

    The current P/E is about 3.6

    MM
 
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