Ann: Philippines Mindanao Island Security Status, page-10

Ridiculously low MC for a producer that should be delivering 120+k ounces a year with an AISC well below $1,000 USD and almost no debt.

Missing targets and reduced forecasts was built into the price when the SP was at ~50c. The sovereign risk is what has caused it to drop down to ~30c (IMO).

Being on the far east side of the island would help but it's not a big island anyway so I'm not sure how removed the area would be from any conflict, if at all.

Very tempting to buy in but don't think I have what it takes at this stage.

With everything that's been going against MML (rain, L8 shaft delays, mine audits, civil conflicts etc) you'd think the tide would have to turn soon wouldn't you? Although I've been thinking that for over 12 months now...

I'll be watching with a keen eye so I don't miss out like I did back in dec/jan 2015/16. GLTAH.