The issue I see here is if they keep up the same spend they will need access to additional funds either through debt or new equity. I see that as been more destructive to shareholder wealth as the spend is sustaining their operation more so than an effort to increase production.
hopefully the estimate of 40-45k ounces is a gross understatement of production and they start beating estimated as others have stated.
MIT looks like another 6months + before this starts to turn the corner with the same POG.
MML Price at posting:
$1.21 Sentiment: None Disclosure: Not Held
(20min delay)