There is some operational improvements resulting in more production, hence lower average costs. Good to see head grade heading up. Need more tonnage from the mine to the mill to get full capacity optimisation and lower costs - can they do this, perhaps with the upgraded shaft.
Looks like MML could survive if the POG heads down to around USD1,000 so long as they can get more tonnage to the mill. I have not checked to see if their reported AISC has been under-reported (eg by capitalising costs that are really ongoing)
Good luck all.
loki (back to sleep for me on this one)
MML Price at posting:
84.5¢ Sentiment: None Disclosure: Not Held
