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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 Lowcapmocapon Jul 10, 2024 11:53pm
192 Views
Post# 36127666

RE:results

RE:resultsI think you missed his point. The stock will go higher no doubt but it's lost a lot of it's earnings potential for the next 9 months and therefore isn't as leveraged as other gold companies.

The GDXJ has outperformed Mandalay on a 3, 6 and 12 month timeline which shouldn't be the case for a company this small in marketcap when there a stocks that have outperformed the GDXJ by 2x,3x (in my case 10x)

Why invest in a gold company with a questionable M&A strategy, a questionable mine life and Gold hedges when you can buy others that are just focusing on mining and reaping the reward of higher gold prices (in a possibly once in a lifetime precious metal bull market) with no restraints is the question Nick has rightly asked himself.

Hopefully production keeps up but the company has relatively bad history with it, plus the mine life issue still remains.

Despite all that holders of this stock should rightly be bullish given the gold rally :-)
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