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 Sherry35on Jun 21, 2019 2:39pm

79 Views

Post# 29850485

RE:RE:Costerfield Deep Hole Drilling Muse

The last analyst evaluation on MND was by a BMO analyst in 2017/2018. I think 40 cents was his evaluation at the time but a report was never sent to me.

I agree with your point on "past beaten down due to stock trading extremism". Once Youle comes into production and the Bjorkdal mill head grade increases, MND will surpase its historical 40 cent evaluation.

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