Thanks mrstocks. That pretty much touches on all the reasons I bought into MML at $6.90.
Low Debt, High Margin, High ROE and exploration upside.
My valuation currently is around the $9 mark with rapidly growing intrinsic values on a 12 and 24 month outlook as well.
Gold price remaining at or above $1,450 US means MML has monumental positive cashflows which can be deployed for increased mining output and exploration, both of which will be share price accreditive if/when they are succesful.
Future is bright for MML in my opinion, DYOR.
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