MML is still very very cheap...super cheap compared to many other gold stocks who are producing lot less gold than MML.
Apart from Phillipines risk everything looks good.
Most probably a good quarterly is coming.
One of the few fully non hedged gold producers. So every ounces produced is taking full benefit of the good spot price and going higher.
It's been very interesting trading action.
Very few buyers and even less sellers. Buyers are cautiously buying and sellers are reluctantly selling knowing price could be higher in coming days. The stock is having a good run but still way undervalued compared to other miners. At this gold price and production rate, LOM, the market cap will have to get minimum $200 million(taking into account the Philippines discount). If this mine was here....it would be easy above $250 million market cap.
At one point this company had a billion dollar market cap. Unbelievable.
Slowly I'm replacing the Wealth Destroyer TAG with a new Golden Wealth Generator TAG made in GOLD.
MML share price will be higher in coming days.
MML Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held
(20min delay)