Bullboard - Stock Discussion Forum Mandalay Resources Corp. T.MND

Alternate Symbol(s): MNDJF

Metals & Mining Gold

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. > Undervalued?

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Post by cordillon on Apr 15, 2022 12:14pm

Undervalued?

I know MND has been around for several years and has had its difficult moments, but that appears to be past them. With a market cap of 338M, EPS of 0.75 and PE Ratio of 4.90, this appears to me to be quite undervalued. Any comments? I am invested in Orezone which will make its first pour in Q3 and expects to produce about the same amount of gold as MND. Its market cap is 550M and its share price 1.80 is projected to move up to 3.25 by Canaccord. Is Orezone overvalued or is MND undervalued?

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