Ann: Full Year Results 2015, page-26

CPDLC, I do stand corrected, thanks for that. I was going off memory of how they use to give a cash cost only.

However I don't think it overly changes much as the SP is now at new lows, closing on it's lowest price in over ten years. One of the reasons is that the books seem all over the place, secondly the new CEO selling 20% of his stock is not a good look.

You argued with me that this was a good buy a year ago when the price was in the $1.40's when I said people should dump, I'm not going to bother arguing with your numbers again, except to say the downward momentum on a mine running out of gold is to be expected. If gold continues to fall they are going to be broke very quickly with only ~$10m in the bank, after selling gold at much higher prices than they currently receive.
At any sustained downturn further in gold, or some type of major breakdown and MML will need capital from investors to continue. At that point the price maybe lucky to be above 10c/sh.
The only thing to turn around the SP is a sudden great rise in the POG and there are far better investments in the gold sphere than Medusa, when that happens.