MDI middle island resources limited

2016 feasibility study, page-10

  1. 2,632 Posts.
    lightbulb Created with Sketch. 1843
    @CBRJT2020 highlights a good point. For day traders, best to stay away from MDI! It is not for traders. The volatility isn't there. Most are invested strategically, either till we commence mining again or anticipating takeover bids with a strategic view to consolidate all the smaller stranded deposits.

    AUT is not comparable, Pickle Crow is mostly an underground mine development and they are still undertaking exploration works. They are YEARS away from mining anything. It isn't even on their radar to undertake a scoping study anytime soon. Their EV/Resource Oz is fairly high based on what they have at the moment. Similarly, with RXL.

    Well, if you think $1 is a fair valuation, best you hold AUT and wait, hopefully it will there there soon.
    Last edited by Corgi: 30/06/20
 
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Mkt cap ! $6.157M
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Price($) Vol. No.
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