@Pebblewings what didn't you like about TGZ, DRM, OGC, PRU and RSG compared to MML?
Whilst I agree with you that 8 - 10 bagger is unrealistic if the PoG doesn't increase, if the PoG increased a modest $150+ I'd be surprised if the SP didn't increase dramatically from these levels within 6 - 12 months.
So based on your macro assessment that gold is undervalued, what is your fair value for MML on a $150 PoG increase (on current exchange rates) if management hit their targets in terms of production, costs and they replace the mined gold reserves?
And what is your actual 12 and 36 months price expectation for gold in USD and AUD?
MML Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
