buy rating reaffirmed 31/7, page-44

I agree that it's dangerous to rely on broker recommendations but in this case I have posted their numbers simply because they are close to my numbers so I agree with both their forecasts and their buy recommendation.
In 2011 I found very few buy recommendations on gold stocks that I could agree with, despite the number of buy recommendations at the time. I thought most gold companies were too expensive to buy and there was too much risk of significant corrections. Having said that I did not expect the severity of the falls that followed. Just glad I escaped the bulk of the damage.
Now I see the other side of it. Almost blanket downgrades recently across the sector to sell or hold (time to buy?) except for MML where the consensus is maintained at buy. I bought based on my numbers and will stay in. The broker recommendations should help as this is one of few golds to choose from that has a consensus buy so any investors looking for exposure to the sector that look at broker reports should favour this above most others.
MML is looking heavily oversold and I see much more upside than downside. I still don't like the high cost producers where I still see near term risk. Their small margins (for those that still have any) are at risk of going to zero from just a small drop in POG. That is why I don't see a sustainable drop much lower for gold. A small drop in POG will have little effect on MML's earnings but the expansion should have a very positive and large effect on its earnings. For now I am only interested in very high grade (high margin) growth stocks. MML is one of only two I like and hold.