Just recently mate, entered at 1.6c. Was thinking about waiting for a bit more but the current SP is already too humiliating. This is screaming buy IMO.
The ASX casino is crazy sometimes. You can easily find goldies that havent started drilling or havent found anything yet at a very questionable market cap. Some are years away from first gold pour but valued at $800M - $1Bn+. In contrast, a company that is currently producing gold, net profit of $20M+ for 2020, also sitting on a mountain of cash and paying dividend of almost 30% shareprice, is valued at... $46M (Im talking about HAW if you are curious). Compare to HAW, MDI is even more severely undervalued because: - It has a more robust 600kt/pa processing plant. - Resource of 700koz vs 117koz - More exploration potential
Im very happy to park my money here!
MDI Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
