Progress summary, page-54

Earnings for this financial year are going to be about 30cps on an estimate 110k ounces.

Next year I am looking at a ramp up as the 4.8T cargo bays come online to 150,000 Ounces at a 925$ AISC

Assuming a very conservative AUD gold Price of 1600$ as an average ( I would be surprised if the fin year 16 average is not up near 1800$ plus given the gold complex has bottomed)

Run the numbers and I get earnings after Costs etc of about 105m almost double current earnings; or from 25/30c to 50c per share earnings.

That is a very positive thing as the market is warming to management hitting guidance - if anything understate and over deliver. Consensus is gold has bottomed.

I believe 50c per share earnings pave the way for MML to head back to 5$; Where it belongs.

All the fund managers need is a confirmation of the AU bottom.

Early bird catches the work they say.