Mandalay Resources Corp. T.MND

Alternate Symbol(s): MNDJF

Metals & Mining Gold

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 Costerfield operation is located in Victoria, Australia, within the Costerfield mining district, approximately 10 km northeast of the town of Heathcote, Victoria. Youle and Shepherd are the main source of material for Costerfield. The Costerfield operation has a land package of approximately 1,219 hectares. 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 Bjorkdal mine produces ore from the Aurora zone underground mine, as well as from a stockpile of low-grade material accumulated over the course of its life of mine. The Bjorkdal operation has a land package of around 12,949 hectares. Its non-core properties include Lupin mines (Canada) and La Quebrada (Chile).

TSX:MND - Post by User

Mandalay Resources Corp.

Bullboard Posts

Comment by hrgagogoon Feb 01, 2013 11:53am

248 Views

Post# 20924660

RE: Bullish Trend but Erratic Trading

Hi to all minority investors. I am a new investor. Just recently tendered shares on High River Gold to Nordgold. MND is very undervalued with great future. I took a sizable position at around 300K at average 1.24.

I am confused about the current low volume an % drop in price. Seems like your remarks/observations above are taking place. Fundamentally, it should eventuall rise to much higher levels. Do you have a target price for MND.

Thanks

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