Just imagine, page-4

None of those are going to eventuate within 3 months.

At current gold prices reserves above 500k would be a good outcome.

I doubt their AISC will ever fall below $850 (but they can be a very profitable company with an ASIC in the $900 to $1000 range) that is leverage to the gold price.

Record levels of production are still at least a couple of quarters away.

MML included in indexes is a LONG way away - needs a share price above $1 - which won't happen with the gold price below $1300 and an incomplete service shaft.

Lopez is never going to praise mining. At best she'll tolerate it.

That said, I did rotate out of some other gold miners and accumulated some more MML at 34c on the write down announcement.