mco at 50c - gold, page-47

"... who in there right mind envisaged MML going from 100 mill market cap to 1.27 billion in a couple of years."


Errr, well I did actually. And it was very clear to see for anyone not listening to rampers of other gold stocks, doing their own research.

Furthermore, I believe MML has got a 'few billion' to run yet by organically (self-funding) its growth, quadrupling production from 100k pa to ~400k pa within several yrs. Forget what the gold price does because it's the lowest of the low cost.

I often compare MML with MCO, considering a switch of some of my profits at some point. But I always find myself preferring MML because it is better value. It now pays a dividend as well.

There is plenty of time to enter MCO, as there was (and still is) with MML. The 160,000 tonnes at 15 g/t for 80,000 oz represents superb potential. Those kinds of figures really attract my interest but I want to see several quarters of production first, particularly extracting those 160kt.

Rowingboat