Yes at some stage all goldies will get noticed if the gold price keeps going up.
If you believe that 100k ozs is probable in FY18 then that should produce $US32mil($A40mil) free cash flow this year so MML is trading/capitalised on 1.5 times FCF going forward so looks cheap but at times today there were a million shares in the line for sale although most have been there for weeks and are sticking to their price point.
It is past time for Management to promote the fundamentals with at least a slide presentation or do we have to wait until the AGM in late Nov to get one of those. And they do nothing to promote the Company's prospects in the UK where they have a large number of shareholders, although with no promotion these shareholders are dwindling in their numbers as time goes on and no new UK/German investors are enticed into the fold.
MML Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
