At the current time MDL (to me) represents great buying at these levels. With gold production set to commence in December, this stock is setting itself for a re-rating.
We also need to keep in mind that the Mineral Sands project is the real company making project. Even though the Sabodala gold project is a great addition I can see that this will be offloaded sometime in the future ... the question will be for what price?
MDL Price at posting:
$2.04 Sentiment: None Disclosure: Held