MML is currently trading at 2x 2014/15 earnings and the company has excellent production growth and AISC cost reduction potential looking forward. IMO the recent craziness with the share price must be explained by the broader nervousness of the shareholder base; they are obviously in shock after the recent MML share price collapse (like the rest of us) and have decided they can't handle the pain. However, the key to making serious money in the gold miners is own them through the downward bumps along the bottom, and to be there for the next up cycle. The outlook for gold is improving since the Chinese devalued the yuan and the outlook for the USD started to become more challenging. When the gold cycle turns, and it always does, the gold mining stocks will appreciate massively as they have never been cheaper relative to gold. IMO this is the stand out opportunity in markets right now. Watch MML's leverage on the upside when that happens...
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