The Brains Trust, page-4206

Don't know about MML. Still got a few bad months of elevated costs before the new shaft is operational. It's been a bit of a widow maker predicting when this one is finally get back on track.

They have been pretty good at conserving cash over the last few years and haven't raised capital so number of shares on issue is still nice and low and market cap is dirt cheap for plant and resources.

The risk is that the operational turnaround doesn't come through and costs are still high despite new shaft, and then they might need to raise cash.

If gold starts to run the thing I don't want in a junior is capital raising to cover operational issues.

Fed has been a bit of a non-event last two rate rises and gold actually performed strongly. I reckon there is a good chance they don't raise rates. In 2015 whenever the odds in the market were ~80% they didn't.