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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 Packiceon Mar 06, 2013 3:05am
231 Views
Post# 21085230

RE: Analyst Recommendation

RE: Analyst Recommendation

Thanks for the link. He seemed to have a rather dim view of "whats next"? - my take is that the most interesting short term development will come from Costerfield in Australia. They are evaluating the pro and cons of an increase in capacity from 250t till ca 600t a day and when the coffley load is reached also the grades will (almost) double.

So during 2014-15 the Costerfield mine could represent ca 100.000 ozeq alone and with a slight increase in Cerro Bayo the company could double in size (with increased margins) - not bad at all.

And with this extremely distressed markets in even good juniors there could easily be another lukurative auqisition around the corner?

 

Long term!

Bullboard Posts