RE: MDN''s new WEB site upits been up for while now. looks good. i am taking my chances with this one because based on the information available i can't help thinking its a no brainer for $2.5 or more. i think its just a matter of time before they bumb into another Tulawaka or maybe better. no news about the Quebec projects so I have no feel for their contribution. if you look at the maps around Tulawaka its hard not to want to connect the dots and tie them into the present POG. the math is attractive. i will continue to add to my position as people get the crap scared out of them, which seems to be fairly regular these days.
Like you, I am amazed this thing isn't at its old highs. I am not panning GBS but if you compare the two and use GBS as base line the financials would suggest MDN at $3. The present and furture ounces around the Tulawaka plant are cheap compared to the ounces GBS have and MDN has just about no debt left. Just another quark of these crazy markets. its just always been easy to find sellers for MDN but the way some buyers or funds from CIBC and TD have been loading up for the last 6 months you know we are not the only people around that like this one.