MM,Surely the whole Oz mining community cannot be so dumb as to...

MM,

Surely the whole Oz mining community cannot be so dumb as to believe narrow plunging veins cannot continue down to great depth! Just 60km from Co-O is Diwalwal that has been mining similar structures for 50 years and followed them down several hundreds of metres until they coalesced at depth - which is what you would expect as they had to be forced up from great depth in the first place.

I don't believe MML have to find another Great Hamish - they just need to keep mining it lower for the next few decades, along with all the other veins.

Perhaps this market will be happier with a larger resource at Bananghilig - after all, that is just a simple disseminated porphyry deposit and very simple to understand.

But for now, it looks like we are stuck with a x8 p/e in spite of the large cash pile, plentiful free cash flow and exceptional growth potential. Frustrating and illogical indeed!
CPDLC