Progress summary, page-36

"At US$/A$ of 1.28 that translates to a FY15 EPS of c. 33c/share (so current share price is indicating a PER of just 3x)."

SP now 86c = PE of just 2.60. Plus AUD weaker today and dropping a bit further if IO price continues to fall. If you feel POG can hold and then rise hard to find better than MML. But miners have no pricing power. Will another bigger GFC be good for gold?? Who knows. I rule nothing out.