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Bullboard - Stock Discussion Forum 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... see more

TSX:MND - Post Discussion

Mandalay Resources Corp. > ganndolph, any comments?
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Post by AlfTanner on Apr 27, 2021 12:01pm

ganndolph, any comments?

ganndolph, the press release seems to confirm what you have been saying.  This could turn into an amazing low cost mine.  Any comments?
Comment by ganndolph1 on Apr 28, 2021 1:44pm
AlfTanner, There are two companies that have been getting impressive drill results and have successfully extended the mine life at each of their properties--Mandalay Resources and Orvana Minerals. The Mandalay BC187 drill hole intercepting 6.27 meters of 23.6 g/t gold is impressive. Equally impressive is Orvana's 8.87 meters of 28.95 g/t gold at hole 20V1872.  Orvana also came across ...more  
Comment by ganndolph1 on Apr 30, 2021 6:52am
AlfTanner, The following link shows the Mandalay Resources drilling addressed in the news release. https://youtu.be/riDBUuHcT3M This NR confirms that Costerfield = Fosterville at depth, where gold at depth is in high grade veins in quartz with stibnite largely absent.  This implies that the gold is all free gold recoverable at 90 percent plus recovery through the gravity circuit. 10,000 ...more  
Comment by AlfTanner on Apr 30, 2021 11:41am
Thanks, ganndolph.  I like the fact that this is already a profitable company that now has a brand new source of high grade gold. I am still on the fence about Orvana.  I really like the low market cap and the potential of their discovery; however, the current operations leave a lot to be desired.
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