MML's share price is still languishing, but its production going forward is likely to be 100k+ oz and it's FY15 results will be solid enough to keep its EV to EBITDA multiple in the "extremely cheap" range relative to its peers...
So I was wondering if companies like NCM, or even a cashed up mid tier gold miner, looking to increase its market cap or diversify their operations, would consider MML an accretitive acquisition opportunity?
Eg, NCM is trading on 22 times earnings while MML is trade at around 4.
MML Price at posting:
97.0¢ Sentiment: Buy Disclosure: Held