HTThey are becomming serial offenders when it comes to missing...

HT

They are becomming serial offenders when it comes to missing guidance, the frustrating aspect is that any holder who follows the stock and can do basic maths can clearly see that guidance will be a struggle yet managment maintain it - this is sloppy practise and leads to credibility issues.

Certainly MML is a low cost miner, I believe total costs are around $500 per ounce. Anyone struggling to understand the margins or profitability of CoO should have a look through the June 2011 accounts. The mine was highly profitable at an average selling price of $1371 per oz.

The issue with MML now is becomming one of credibility, any gold price above 12-1300 per oz is lucrative if they can reach guidance.