Ann: Co-O Mill & Mine Expansion Update April 2013, page-11

re: Ann: Co-O Mill & Mine Expansion Update Ap... Hi Mike,

Definitely a difficult time for goldies.

But despite the gold price being savaged, IMO the production downgrade for MML seem like a bit of a blessing in disguise. Better have lower production with the current gold price. I'd prefer that MML just keep focusing on the 200k production for the new 2013 FY.

IMO the gold price being beaten down is some sort of misdirection, to mislead investors from going into gold as a safe haven. Given all the QE and the bail outs, what better why to sway the uninformed about gold into something else.

Yes the gold price can keep falling, there are support levels which can be attacked to trigger stop losses and change sentiment. But MML is still a very low cost producer by a mile.

Fortune favours the brave, but also have some stop losses.