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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 Lowcapmocapon Sep 10, 2024 1:57pm
152 Views
Post# 36216994

$3

$3Congratulations to those who bought the dip at $1.50

You've officially doubled your investment this year. 

I think it would've been there sooner if the company didn't decide to mess around with terrible gold hedges but better late than never.

I'm surprised it was at those levels for so long but that only presented an opportunity. I hope people didn't look the gift horse in the mouth and bought as much as they could.

With gold at it's current prices you'd think $4 shouldn't be hard to get too.

Hopefully they'll make a sensible M&A deal but we'll see.
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