RMS chart and discussion - 1 Jan 2018, page-8

Briefly on MML, agree Philippines is a terrible jurisdiction. I held OGC previously when they got banned and decided to not bother with them again because they seem to be one of the companies targeted by the government. MML has always passed all of the government audits. Underground mines are more ‘out of sight, out of mind’ so locals/governments etc don’t tend to make as much of a fuss. Tailings dams can be an issue. OGC is also close to Manila whereas MML is down in the Southern Phillipines on Mindanao. I don’t know a heap about the Philippines but I would guess like in most countries the environmental/anti mining type attitudes tend to be more prominent in the big cities.

MML is definitely risky but I think is one of the few gold stocks that has that 2 or 3 bag potential even at current gold prices. RMS i don’t think has the same upside in the medium term but still undervalued.