CP
a good analysis , thanks for the time & trouble
I did the same for iron ore producers, pointing out that FMG would lose $ 4.5b from annual profits if Iron ore price average down $ 30 ton ( currently its more )---I got moderated
Question that came to me on the beach this morning. I had been reading an analysis of Barrick gold from Seeking alpha---it is a very low cost , very large producer, lots of debt, but no immediate repayments---and it has been slaughtered in price. But it will not got broke
But is MML in contrast a very large risk---it is a single mine, in a country where weather events occur, where they are dependant on their mill functioning---and if it stops they are in trouble, no cash reserves to speak of, a poor safety record, some questionable costings, an interim CEO, etc etc---does all this add up to too risky ?
MML Price at posting:
51.0¢ Sentiment: Sell Disclosure: Not Held