Ann: June 2016 Quarterly Report-MML.AX, page-3

The report is disappointing, but not terrible.

AISC have risen due to "one off" capital expenditure items. These one off expenses seem to happen every quarter. At what point do "one off" expenses start being booked as part of normal mine maintenance?

More disappointment is contained in the forecast production guidance for the next FY. It seems production will be "back loaded" - as in the next 2 quarters will be crap.

The only bright spot was the improvement in the mined grade and also the money received per ounce.

I have stuck with this company for the last 2 years and I'm starting to lose patience. The report is not terrible enough for me to dump them but its close. My only hope is that the price of gold keeps rising.