On the cash you cannot be debated. And if you are using cash as a proxy for profit generation you cannot be debated either.
Some things to consider though regarding your comment re potential improvement of cash - PoG is rising, production is up (and should stay so). Conversely, neither of these two have lined up in our favour in the past - PoG may have been better, but production down, or as we saw in the last half, production up but PoG down.
Ignoring the review, and whatever that means, production will be maintained at the now elevated level v prior years, and I sit firmly in the PoG cheer squad, pom-poms at the ready.
MML Price at posting:
69.0¢ Sentiment: Buy Disclosure: Held
