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Mandalay Resources Corp. T.MND

Alternate Symbol(s):  MNDJF

Mandalay Resources Corporation is a Canada-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Bjorkdal gold mine). The Company’s operations include the Costerfield mine, Bjorkdal mine, and non-core operations. The Costerfield mine operation is located in Victoria, Australia, within the Costerfield mining district, approximately 10 kilometers (km) northeast of the town of Heathcote, Victoria. The Bjorkdal operation is located within the Boliden mining district, approximately 28 km northwest of the municipality of Skelleftea and approximately 750 km north of Stockholm. The Company’s non-core properties include La Quebrada and Lupin. The Company's La Quebrada is a copper-silver development property located in the Coquimbo Region of Chile, neighboring the Minera San Geronimo owned Tugal open pit.


TSX:MND - Post by User

Bullboard Posts
Comment by dr_airtimeon Feb 02, 2013 6:43pm
184 Views
Post# 20929878

RE: RE: RE: RE: RE: Bullish Trend but Erratic Trad

RE: RE: RE: RE: RE: Bullish Trend but Erratic Trad

Congrats. I am only long since $1.00 but had a great ride on Timmins and Couer which I bought in May-July and performed similarly to MND in QE3 rally. I saw Peter Imhof with Sprott pick MND several times but figured he was just talking his book when I saw the low quality of their presentations. Turns out he was right and I was sold on MND when I saw the CEO present (webcast) at the Denver Gold Forum which was right before Q3 when they announced the Divvy. I did some quick comparables based on their record Q2 and if they could keep it up they were still the cheapest 100k Au oz-equivilant producer on EV/CF basis even at $1.00. When Q3 came out basically the same as Q2, they were almost debt free and they announces the Divvy I was probably the first to buy at open. Never could make my position too large as I was conscious of chart.

Bullboard Posts