RE:New NI just released
MUST READ THIS EXCERPT FROM REPORT (warning - bad news)
Sorry guys...MDW is officially a lost deal. The author, who already messed this report up once, says the project is worth $25m right now based on cash flows. Add on to that, there is only THREE year mine life.
I was hoping MDW would work out but my suspicion that the project was done based on the resource estimate is confirmed.
This is why MDW did not release financial results in NR - because they are so bad. All other companies NR the results to demonstrate value.
Read this section of the report below