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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

Post by Nick2021on Dec 01, 2021 2:51pm
368 Views
Post# 34186449

trading MND

trading MNDthere are days I wonder why exactly I bother holding MND -- honestly, the only reason at this point is because it's developed a habit of rallying in Q1 and hitting new 12-month highs then

but if it goes down under $2 this December (and I don't know why it would, since it's not a tax-loss sell, yet), I'm going to buy a bit more and then try trading it as it goes up; waiting for the real breakout to fair value is just getting too painful

the only thing that might make me change my mind on that is if they smash their resource update out of the park -- if Costerfield can produce at this level and increase mine life to over 6 years, that would change the game a bit
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