I would be disappointed if, assuming the gold price does not tank, we do not see an 8-10 bagger here over the next 2 years. Recalling that MML was $6+ around 3-4 years ago and since then their production AU ozs has improved and a lot of money has been spent to improve output and mine life. Once the management issues (a new CEO and new COO) are in place, along with a new institution on board in Ruffer this share should seriously re-rate in the short term. 2016 EOY target price for me $2 (dependant on the gold price).
