MDI middle island resources limited

Ann: Sandstone Feasibility Study, page-38

  1. 150 Posts.
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    the only problem with that resource figure of 746,000 oz is about 500,000oz of that is at a gold price of $3,250 from memory, so to even mention them when the gold price is A$2,3000 is in my view a little optimistic. and thats why they did not include them in the fs.

    I understand where you are at as i have been there myself,(ie believed in a stock that then let me down), but honestly mate, you need to face the reality that this project does not work at current gold prices. and blind optimism is not an investment strategy. Believe me, i have learnt this the hard way and feel your pain.


 
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