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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 Dec 17, 2024 6:25pm
107 Views
Post# 36367155

Forget $6

Forget $6
A new Asic estimate nearly touching $2k? Even with the antimony breakout this stock will do poorly (remember it's a gold mining company first). Unless gold makes an incrediblly explosive move higher $6 isn't happening. The large cash position should create a floor but honestly the forward guidance is suggesting this stock will underperform majorly. Maybe some fomo sb buying will carry this stock higher but that's a gamble on speculation and not fundamentals
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