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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 Sherry35on Feb 12, 2019 12:36pm
118 Views
Post# 29353436

RE:RE:RE:RE:RE:RE:RE:RE:Trade Resumption

RE:RE:RE:RE:RE:RE:RE:RE:Trade ResumptionGanndolph and I danced around this topic "tailings upgrade and capital requirements at Bjrkdal"  late last year when there was a audio review of 3Q18 results.

Duffy mentioned engineering was being performed on the tailings facility last year. It was my theory that the tailings facility is being engineered to support increased through put  of the mill. If I remember Ganndoplh's post correctly, the mill can handle up to 1.7M tons of ore but is throttled to approx. 1M tons by the permit. The engineering of the tailings facility has been underway since 4Q 2018.

The slide 18 and 19 of investor presentation states a major upside in exploration/operations with unexplored high grade skarns, "minerialization in all directions" and "no challanges for gold recoveries".

The strike price still bugs me.
Bullboard Posts