I'm never in MML with a lot of conviction but like you say if we see gold move well over $2000/oz it has high leverage to a rising gold price and with a tight share structure and low EV it should do well. The corporate action looks positive, and they've definitely been needing change for a while.
No idea what the production profile might look like after the decline is finished. Probably comes down to if the mining operation can support those UG tonnages (when they built the shaft it was supposed to increase production too). It's not clear to me where the bottlenecks are.
I did a video a few weeks which pretty much echoes my thoughts above.
I'm never in MML with a lot of conviction but like you say if we...
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