MDI holding in AUN is worth over $3 million and according to...

MDI holding in AUN is worth over $3 million and according to recent quarterly cash and equivalents end of the September period is around $3.69 million, they also mentioned they are fully funded for around next 2 years so there is time for some drilling results, news and any any left of the field updates to turn this around .

The airborne geophysics analysis is expected soon and will provide a further layer to the weight of evidence to define and priority drill targets at the Barkly Copper-Gold Super Project. MDI qualified to receive funding support from the Northern Territory Government’s geophysics and drilling collaborations co-funding programme.

Market Cap has been mainly trading in the $5 to 6 million area so could be some potential here. Top 20 own almost half of SOI and SOI is only around 120 million which is very low for a small cap as many small caps have n excess of one billion in SOI. Take away the TOP 20 % and SOI is even more compelling but it all depends of the quality of news and result to come.