Overall Mkt looks very high to me. I bought 20k worth of MML 2...

Overall Mkt looks very high to me. I bought 20k worth of MML 2 days ago only to see price fall by 16%!! But mine produces gold for total cost of $500/oz. On track to sell 200k ozs in FY14 so that's a net profit after tax (as still exempt from tax under Philipinnes law) of $190m. Mkt Cap of 578m = PE ratio of 3.04! Has zero debt and cash of 9million. Imagine if gold gets back to say $1800. PE will hit 2.22!!
They have plenty reserves and likely to have 20 yr mine life minimum. Hence, I'm not worried. Just wish I'd waited 2 more days. Divs will resume in FY14 imo.