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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 auburn2on Feb 19, 2019 2:09pm
105 Views
Post# 29383627

RE:going forward

RE:going forwardOnce the financing closes they can take off the brakes and step on the gas. It won't take much dollar-wise to move the SP to double these levels. I've seen these things play out many times. Painted Pony raised significant capital multiple times when it moved from $1 to over $14 in 2011. The price would stall, consolidate, and then charge higher. I was in the stock and didn't view the raises as a bad thing but instead as prudent de-risking. Here as well this trusted team will use the proceeds exceptionally well. Just watch. I believe they know exactly what they're doing and that Youle at Costerfield about 45 km from Fosterville is only the tip of the iceberg.
Bullboard Posts