MDI 15.8% 1.6¢ middle island resources limited

I dont think anything is leaked. MDI has been staying at a...

  1. 498 Posts.
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    I dont think anything is leaked. MDI has been staying at a retarded valuation for too long. Let me put it this way, Mr Market has been knocking on my door everyday since last year asking to buy my 400m2 luxury rooftop apartment overlooking the Sydney harbour for $50k. He has been convincing me that all of my neighbours are also selling at that price. Should I also sell at the valuation he told me or should I tell him to f*** off?

    Needless to say that the FS would be positive, it's just a matter of how positive? How much profit we would make including toll milling? The last annoucement the company mentioned that it's thinking about upgrading the plant from 600ktpa to 750ktpa, surely there must be some solid interest going on. More interest = more profit.
    760koz gold + more drilling to extend resource + 600ktpa plant that only take 7 more months to start milking cash + monopoly toll milling in a multimillions ounces gold region + 5M in cash & investment = $27M market cap????

    MDI does not need any leak for a serious rerate right now!
    Last edited by Bellavena85: 12/03/21
 
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Mkt cap ! $3.486M
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1.6¢ 1.7¢ 1.6¢ $4.151K 258K

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2 355134 1.6¢
 

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Price($) Vol. No.
1.9¢ 214819 2
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Last trade - 16.10pm 26/04/2024 (20 minute delay) ?
Last
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