I havent been paying much attention to MML recently but they used to bang on about how they were really low cost, around $400/t from memory but this was C1 cost and the AISC were much higher. I dont pay much attention to what they claim they can produce for, i'd just look at their P/L.
From memory they have issues with getting production and head grade up to target levels. Also in my oppinion they like alot of other goldies continually over promise and rarely deliver.
I definitely agree though it looks very good value on paper but i think there's other less risky (also less reward) gold plays in Aust. Very risky play with cfd's imo, could be a CR around the corner, could be a typhoon shutting down production or could just be the gold price being its usual unpredictable self.
But my opinion means about zero, whats the plan GK?
