Filipino sovereign risk is definitely real but it mainly seems...

Filipino sovereign risk is definitely real but it mainly seems to be around specific mines and not blanket issues like a few years ago where the whole industry was under fire.

The early move in MML may be due for a pause here. If it doesn’t retrace much I would say that’s probably a sign of strength and likely makes it even more of a buy. Very leveraged to higher gold prices and a pretty tight register. In 2016 when gold ran, MML ran to over 80 cents and the production data wasn’t even that great. I’d argue the company is on a better position now. As always need to watch out for nasties in the quarterly report.