Ann: Quarterly Activities Report September 2014, page-30

The other important point in consideration of this stock, is the state of the gold market, which is clearly in a bear phase. Pushing up against a bear phase is impossible, you just have to wait, and it may be a while.
And I think Gold may have to go down further before it goes into uptrend.
When there was talk of QE being finalized, Gold would go down and the USD up. Now that QE has finished, interest rate rises in the US are certain, and this will weaken Gold. I think it needs to look at $ 1,000 oz as a final capitulation.
So MML clearly has problems and Geoffrey Davis is probably the man, but in what time frame ? MML has clearly been found out as the low cost producer with a very big question mark on costs. It is not a low cost producer, and operates in a country with risk.
Care is required with this one.