Ann: FY2022 Production and Cost Guidance, page-12

Hey Groundhog,
Interesting calcs.
Whilst on paper you are right the numbers don't add up....
As today's Q show, they should have cleared over $11.5m USD.
yet... their case build was only $3.3m USD.
Yes... they are paying for the new decline, but... only $1.8m was spent. So... where did the other $6.4m USD go?

I continue to watch MML, though mainly for interest purposes only. As @flaming post alludes to, MML has had many years to diversify, yet... they don't. Which in turns, ensures they trudge along, unloved.
Cheers.