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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 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

Bullboard Posts
Comment by HonestAbeon Feb 22, 2013 10:08am
282 Views
Post# 21028217

RE: RE: Chart looks terrible

RE: RE: Chart looks terrible

Even if things do not work out and say it does decline to my projections, I have to state this, that MND has outperformed its peers by a vast margin.  Even the average joe who might have bought around its previous top at $1 is really not doing too badly at all and at 90 that is merely a 10% decline and you still are picking up an annual 4% dividend.  Unless you bought 300K at 1.24, well that's a different situation, but it could be much worse like most other juniors hitting their 52-week lows.  GLTA.

Bullboard Posts