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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 Sherry35on Jan 22, 2023 9:53pm
447 Views
Post# 35239016

RE:RE:RE:RE:MND seems so undervalued

RE:RE:RE:RE:MND seems so undervaluedAll great points. Bjorkdal dilition was similar to Brunswick lode at Costerfield. The eastern extension may resolve this. I would to see more inorganic growth but I haven't seen anything concrete. I know they investigating other mining operations.

The thing I always wonder if they have more detailed geophycis for Costerfiled than whats being published. Do you remember back to the Jan 2028 or 2019 investor package where they dilvulged the two deep dewatering holes under Coffey. with assays. Everyone in the forum was surprised by these two deep holes. The other thing I found was DH geophyics testing in some of the NI rports. I think the mgmt team and dirctors have very good approximation whats buried under Costerfield.

Something is definitely going on becuase SILJ doubled their position in MND and bought the shres at a premium compared to $2.50 CDA.
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