head & shoulders?, page-46

What I love is the fact the MML is such a low cost producer. It could make money with Gold at 800 bucks an ounce...or less

so say gold is at 1550, and worst case production is 300 (which it is actually lower) thats 1250 profit an ounce. If gold goes down 50 bucks, MML feels the pain a lot less than othersii.i.e. KCN. Yet MML is getting pumped down 8,7 % each day. Thats why it is oversold and here for the long term. Price will rebound quickly when common sense starts to prevail again. These drops are not affecting the margin that much compared to higher end producers