I guess this is whats happening to all gold stocks at the moment - MML's numbers are shown here @ 86c.
PE - 3.9 price to equity 0.41
and over the next 2 years the eps is forcast to increase by 80% p/a
the increase in f'cast eps. will obviously be less than that now - but this is an extreme low cost miner which sells without hedges.... it is currently dragging the gold out at 5gm/t - that ought to excite the goldies ..
in addition the earnings are in US dollars, so with the $A continuing lower, the profit from the currency differential will offset a good bit of the lesser gold price ....
yup, I am holding a small number of MML shares at a decent loss and I am blowed if I know what to do as they continue to retreat further ??
