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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

Comment by Nick2021on Oct 15, 2022 2:13pm
187 Views
Post# 35026907

RE:Stock price down again ...

RE:Stock price down again ...Sentiment in gold miners is in the dumps right now -- MND isn't going to go up by itself when nothing else in the sector is going up; and when the sector goes up, MND will too.

The best thing that could happen for this company is for there to be a sector-wide sentiment reversal next year, when MND is within spitting distance of getting rid of both its debt payments (March, I think) and its hedge (March or June?  not sure).  At that point, if the price of gold stops going down, all the miners will go up together, and MND will have the potential to go up more than most, given its high margins, stable locations, exploration potential, and especially the possibility of a dividend (which could be really decent, given the great earnings per share and the depressed stock price).

I just hope that they don't make a play for something speculative right now -- sure, projects are cheap, but their stock is cheap too, and they don't have that much in the bank relative to debt.  All I want is for this company to have one year at least of production with a decent POG, no debt payments, and no hedge.
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