MM,I met with MML management team in London a few months back....

MM,

I met with MML management team in London a few months back. They re-iterated that the dividend would be held 'as is' until they have reached the $200m cash required for Bananghilig development.

Once that has been achieved (it should not take very long!) they expect to introduce a progressive dividend policy based on ongoing free cash flow.

There is also the interesting potential possibility of capitalising on any significant copper deposits that they may define. In such an event they expect to return gains to shareholders.

So given their excellent cash flow, rising production over FY13 & FY14, and their large ongoing exploration efforts, there is certainly a lot to play for in MML.

I am certainly very happy as a shareholder!
CPDLC