MDI middle island resources limited

@Synergy12 From my conversation with Brad at the RUI conference...

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    @Synergy12 From my conversation with Brad at the RUI conference in Sydney, crosswinds is 100% the priority for what I'd call stage 1, and he expected the IP results back absolutely imminently... I would very much expect them to be published next week based on his assumptions on timelines.

    Post here

    @Hennooo as @Corgi said, they won't start drilling until they analyse those results... We know that from the single IP line we already have there's something to probe, but we don't know the inferred length or if it gets shallower or deeper. Objective would be to orientate hole 1 in the best way based on those results, starting some time in June. The belief is there, but waiting for those results is about maximising value

    Again, as per my other post, RC to chew through as much top cover as possible in a week or so, then switch to the diamond. Anything juicy and material will lead to visuals in early rock chips (miracle if we get that) or visible copper in core later in July. As Corgi said, assays more likely in September.

    If good, then start additiona RC holes along the inferred body. $7m in the bank... Use 2/3 of that and you'll have progress towards a resource, grow MDI value, and explore elsewhere for the next big chance, Stage 2/3/4, raise capital if and when necessary. Textbook strategy, and hopefully podium level discoveries to allow it to be executed.
    Last edited by HeliosUK: 13/05/22
 
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