MML very low valued, page-47

My understanding is the FY results will be released today (or at least that's what the company told me a week ago).

And my suspicion is that the report will be well received (unless there is some unexpected surprise - which for MML is unfortunately typical).

My logic being that the recent quarterlies have shown a growing cash pile so I'm expecting the balance sheet to have strengthened markedly in the last 6 months, which when coupled with the low share price will make for a VERY low EV (I'm expecting something below A$80m)...

And when you couple that with the write down they did last year on the carrying value of their probable reserves which will understate depreciation going forward and increase reported EBIT/NPAT...

So my thinking is the EV/EBIT ratio will probably look ridiculous (potentially less than 1).

Also at present the consensus analyst estimate of EPS is US$0.22...

Given that they produced US$0.15 in the first half alone and the gold price has rocketed up since then I'm confident they'll smash the consensus estimates and potentially even beat the highest analyst estimate (even with their low production numbers in Q3 and Q4)...

Those sorts of ratios and beating analyst estimate might be enough to win some positive attention and get more analysts/investors looking at the stock.

Though my suspicion is that any increase in market sentiment from here will be modest until a few months of no DENRs mine suspensions, the MML 2016 resource/reserve update is published and Q1's production numbers/costs are in.

I think this is what the market is really waiting for...