MDI middle island resources limited

Ann: Further encouraging results received from Sandstone drilling, page-55

  1. 2,636 Posts.
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    Definitely some major accumulation going on, these are not pin dick piker parcels being acquired.

    Regarding the rally of the DOW, it is artificially propped up by an overinflated share prices in tech stocks, seen as Covid19 hedges, the key indicators are the banking stocks which have surpassed their march lows. Additionally, the US national debt is close to reach $26 Trillion. The impending destruction of the US Dollar is near. The price of Gold is only heading in one direction. Any slight retracement is an opportunity to accumulate more.

    People here need to stop obsessing over SC selling and the SP not running. As mentioned previously, there will be a re-rate once the exploration campaign is completed. We will either be mining or will receive a TO bid, fairly valued, will be easily $120-$150 Mil Market Cap.

    Hell, our processing plant, site infrastructure and amenities alone is worth more than the current market cap!

    Makes perfect sense for the AME tenements to merge with ours. Our processing plant will significantly improve the economics of their operations. It'd cost them at least $50 Mil for a 600Ktpa for a new processing plant and the time and cost associated with possibly securing finance, design, construction, staff and preliminaries cost.

    It is now just a matter of accelerating the campaign so we have something bankable.




 
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