The other way of looking at it CPDLC is that the negative comes...

The other way of looking at it CPDLC is that the negative comes eveey 5-7 years so are we due again now? Or was the 0% in 2011 our 'negative' year and this will will continue the positive trend?

Either way my gut feel is that gold will continue to be at the very least above $1,200 which still provides a more than sufficient margin to MML.

Given its zero/low debt position and increasing production, providing they can come close to guidance and avoid too many more of these slip ups that are within or out of their control, its hard to not see the share price going up.

This is why I hold for the medium to long-term because the upside potential outweighs the downside potential in terms of both the gold price AND the company's share price. Once confirmation is received in Jan 2014 that production has increased in the Dec 2013 quarter, providing gold has either held or increased i don't see how the share price cannot go up.

The only further concern to MML is in the very very long term where you may ask what happens after this mine, however I don't see that as a concern right now but more of a concern if/when all their current assets are developed to their full potential.

For those interested I value MML at about $3 on current production, $5-$6ish if production meets guidance by EOFY14 and anywhere north of $8-$9+ if the gold price should go back above $1,600 per oz US