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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 coffeewizon Aug 10, 2020 1:21pm
101 Views
Post# 31388261

RE:RE:RE:RE:Target Release Date for Second Quarter 2020 Financial Result

RE:RE:RE:RE:Target Release Date for Second Quarter 2020 Financial Resultfrom your lips to god's ears thales. i am very confused. i thought sellin forward just locked in your future revenue stream. why does that create a loss on your books if the the price in the future exceeds your contract price if your production is sufficient to satisy the contract requirements? i understand how you might generate a gain if the price in the future moment is lower than the contract price because you can go into the market and buy at a lower price and satisy the the contract requirements without using your own resources even. if the price is higher at the time of delivery it is just foregone revenue not a "real" dollar loss so why does it appear as a loss on the books
Bullboard Posts