MML still appears to be under valued IMHO as they are currently...

MML still appears to be under valued IMHO as they are currently one of, if not the cheapest, cost producers at under $200 per oz.With less than 200Ml shares on issue and with the intention of increasing production to between 300 and 400k oz per year in 2013-14 they will have a profit of around $300Ml before tax which should increase the SP substantially. They also have one of the most prospective tenements in the Philippines which is likely to result in further discoveries of both gold and copper.The only thing holding us back is a reserve upgrade which is imminent and we could likely run to $10 before the end of the year dependant on the gold price. Now that they are paying dividends it would also not surprise if they made another bonus issue as I'm sure they would like to raise their market capitalisation. There is also a distinct possibility of a take over although I would prefer to keep holding for the long term.
Good luck to all holders.