MDI 10.0% 1.8¢ middle island resources limited

$50m Market cap and a 675k ounce resource- crazy, page-13

  1. 1,078 Posts.
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    A quick glance and I think there’s roughly 590 million options left to be converted. A lot to get through that’s for sure but will bring in $4.5 million and current cash of $5 million gives us close to $10 million all up. If the PFS is positive it might be best to go through a 10:1 consolidation, at current price will give us 320 mill shares and SP 20c which will look better on the eye but doesn’t change much... market cap remains the same.
    See how we go once other deposits are included, if we can get to a million ozs + and plant refurb still required I think 20c is cheap. Not sure acceptable price with plant ready, market can decide that one.
 
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