chuk"further upside from development of the high grade...

chuk

"further upside from development of the high grade Bananghilig ore through an upgraded Co-O plant to potentially push production beyond 200koz/yr."

I think is too far off to factor in given how long it has taken to upgrade the current plant and it is not yet at full 2500 tpd operating capacity. In addition approvals process could take a lot longer (both for mining and any upgrade) given that MML would be mining outside its current mining plan. Also, I think there was talk of some sort of higher tax to apply to new mines.

I just do not see any point in factoring in anything for that deposit (not sure if they have yet established a reserve or if it is still just a resource - more money and time to do this upgrade).

One positive I have found is that MML got a mention in the last weekend AFR, in the table at page 25 of ASX200 companies which are forecast to grow earnings by at least 15% in each of this and next year - the forecast for MML is 31.7%, with EPS increasing by 53% compound annual growth. The table was constructed from consensus forecasts (not sure how sourced).

loki