MDI middle island resources limited
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I would say sell Sandstone, it only has value if combined with...

  1. tv19
    66 Posts.
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    26/05/21
    17:38
    Post #: 53435441
    I would say sell Sandstone, it only has value if combined with for example AME so the ounces plus the plant should to be worth something to them. The plant is carried at $2m book value plus the option on the gold price that is the 750k gold resource, plus the permits etc. means maybe $ 2m -3m? That in addition to current cash gives a significant exploration budget for Barkly.

    Then replace management with specific IOCG / sedex expertise and move Barkly forward
    My opinion only

    MDI Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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