RE:RE:RE:RE:RE:MND Q1Sherry35,
Don't worry! The PANIC TO BUY GOLD AND SILVER STOCKS has not started, and is not even on the radar screen of most stock investors. The going consensus is don't fight the FED. Don't fight the gold hating central banks. Avoid the gold and silver market because the POG and POS is rigged. So the only gold and silver stock holders are the true believers or the ultra conservative old timers who remember a time when the USD was backed by gold.
So a $5.00 USD plus price is coming for Mandalay Resources, because Costerfield = Fosterville and Bjorkdal = Fosterville. So MND should be priced on par with Kirkland Lake Gold or 40 times current valuation.
As far as a 3M ounce reserve report, With the amount of drilling being done, the consultants doing the 43-101 reports are way behind. To illustrate this, just take the Aurora Zone at Bjorkdal. Based on the drilling results for the Aurora Zone, the east west strike is 650 meters and the vertical dimension is 450 meters. The average mineralized width of the Aurora vein is 6.7 meters, and the average ore grade is 2.56 g/t gold. At a SG of 3, that works out to 3 million metric tonnes of ore grading 2.56 g/t or about 500,000 ounces of gold. Based on the latest 43-101 report for Bjorkdal the underground mine plan through 2029 only has 5.6 million metric tonnes of ore grading 2.05 g/t. So we know that the calculated ore grades are too low, and the resource estimates that have been published are old low balls!
ganndolph