Ann: Co-O Mine Conceptual Exploration Target Enha, page-5

re: Ann: Co-O Mine Conceptual Exploration Tar... MML hasn't really held it's ground versus some of the others recently IMO. and this latest run was all about the aussie mid tier - SAR, RMS, SLR etc IMO

which make's me think why? is it just a margin thing, high leverage ran harder, dunno, but then the target announcement last night, between target 3moz-7moz but:

The combination of past production of approximately 450,000 ounces and the current global resource of 1,960,000 ounces indicates the deposit size is approaching the lower end of the Conceptual Exploration Target size range.

I had always thought MML was priced on about 10yrs mine life for Co-O. That last statement, IMO, suggested that might be stretch. Maybe mine life assumptions have to come back a bit so, loosing some of that M&A appeal, and pare back that NPV

just IMO, happy to be told otherwise