Ann: Second new gold deposit defined at Sandstone project, page-117

Guess I didn't make myself clear.

The grades you are referring to are mostly for the Two Mile Hile Deposit only. This is likely to be an underground mine, not open pit. The grades are low but the resource is large. It isn't even going to be factored into the PFS.

You have failed to acknowledge the high grade hits at McIntyre North/South including the bonanza hit, still early days, major deposit, open in all directions and covers a large area. The assays are very comparable with what SPX hit at Penny early on!

Their production strategy will all be dictated on the total resource and MDI stated that if may even warrant an upgrade to the plant to increase production. I believe that is enough to give you some kind of insight into their strategy.

We own a processing plant.

Now, factor all the above how is this not comparable? How does this not represent any value way above the current SP? Does this not provide some form for justification on how undervalued MDI is?


BCN - Smart operators, knows how to execute with plenty of skin in the game...