Agree except on the price. The plant alone has a replacement cost of $100 with costs in WA mining increasing all the time.
Also there would be a build time of at least 12 months on a new pant given the labour shortages in WA.
Sure the 800K oz au are worth $20 oz au?
ASX companies are supposed to get shareholder approval to dispose of major assets and I think there would be a backlash if they get less than $50m all up..
Selling the gold project shows a high level of confidence in the copper and with a lot of exploration cash MDI could re rate imo.
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MDI
middle island resources limited
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1.9¢

Ann: Trading Halt, page-18
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Last
1.9¢ |
Change
0.001(5.56%) |
Mkt cap ! $5.571M |
Open | High | Low | Value | Volume |
1.9¢ | 1.9¢ | 1.9¢ | $760 | 40K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 163196 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 79582 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 163196 | 0.019 |
1 | 989130 | 0.018 |
5 | 927578 | 0.017 |
1 | 500000 | 0.016 |
1 | 1019214 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 79582 | 1 |
0.021 | 100000 | 1 |
0.025 | 539472 | 2 |
0.026 | 150000 | 1 |
0.028 | 55000 | 1 |
Last trade - 09.59am 07/08/2025 (20 minute delay) ? |
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MDI (ASX) Chart |