I think there are better metrics than PE to value gold miners,...

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.