MDI middle island resources limited

Spot on, all the deposits, new and old are exactly what they are...

  1. 2,636 Posts.
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    Spot on, all the deposits, new and old are exactly what they are targeting for their updated PFS. All shallow open pittable resources with low stripping ratios. Each deposit will have metallurgical testing carried out and based on what was done previously, the recoveries around 96%.

    I'm 100% confident that they processing plant will be recommissioned. It doesn't cost that much money and time to get it back up and running.

    MDI is going to be the next GOLD producer. The next cab off the rank.

    Though, there is a high chance of receiving a Takeover Bid once this campaign is finished. It just makes sense to consolidate alot of the tenements.

    Strategically, MDI is in a position of power with their processing plant. There are a number of other stranded Open Pittable resources held in the other tenements with resources not large enough to justify the construction of a new plant.

    Great time to get the machine cranking and make some money producing gold will the prices are high.

    Plenty happening in Q3!
    Last edited by Corgi: 25/06/20
 
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