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).

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Mandalay Resources Corp.

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Comment by ganndolphon Jan 27, 2019 8:38am

74 Views

Post# 29286199

RE:RE:RE:RE:Reaction to Update?

allain250,

With gold breaking out above $1300 USD, let's assume that it goes to $1600 USD this calendar
quarter.

With that gold price, Orvana's quarterly profit goes to 10 cents US per share.
Mandalay Resources proft goes to about 1 cent US per share.

If the market assigns a PE of 20 to MND and a PE of 10 to ORV, which stock do you think the
market would assign a higher price to with that gold price?

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