MML 2.41% 85.0¢ medusa mining limited

mml i think might the cheapest gold producer on the asx, page-2

  1. 812 Posts.
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    I think there are better metrics than PE to value gold miners, but I agree that MML is one of the better value gold miners on the ASX (though it's not without its risks).

    I also suspect its PE will be below 2 this year.

    Using the current consensus analyst forecasts of EPS for FY16 (US$0.26) puts the PE for FY16 at closer to 2.

    That said, I believe that MML (even with the shocking Q3 result) will likely beat the analysts forecasts.

    I'm expecting closer to $US0.30 (A$0.39 in AUD) if they hit Q4 guidance which would give them a PE ratio of closer to 1.7...

    But we will find out in a couple of months time.
 
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Currently unlisted public company.

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