When Newcrest started its falls a few weeks ago I went looking for a low cost producer with no debt and came up with MML. The premise being that if POG does fall further towards $1000 then it stands to reason the gold companies that plug away at low cost will stand head and shoulders above their competitors, who will increasingly start putting mines on hold. While I expect a bit of short term pain, I still think if the POG does tumble, it will be the miners like MML that recover first.
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