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.

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Comment by ganndolphon Jan 28, 2019 7:29am

128 Views

Post# 29288176

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

auburn2,

I was posting during the low in November. I originally projected a low on MND around 10 cents,
but then when the stock collapsed in November, I decided to make MND a core position in my portfolio, and it was the quickest quarter million share position in a very short time.

I bought my first shares in MND at 70 cents US as a dividend play, and have been buying all the way down, so I view this as a long term investment with an acceptable level of risk.

So my investment style is old fashioned buy good stocks that are undervalued relative to their instrinsic value and then hold them for long time periods.

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