MDI 18.2% 1.3¢ middle island resources limited

Some questionable figures in there @Corgi, but to assume a...

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    Some questionable figures in there @Corgi, but to assume a production profile of 700koz, we would need a global resource of at least 1Moz (likely much more) and over 50% in the indicated category IMO. Considering only 120koz of the resource currently sits in the indicated category, the other 500koz in the inferred category, this is a long way off. Will require a great deal of infill and extensional drilling - that means more cash and dilution. Your assessment sounds like you're working under the assumption that whatever resource is announced can be mined in its entirety - not the case.

    After this drill program and subsequent PFS, we should have a much clearer picture of the situation - but personally believe with the infrastructure in place, a low capex early cashflow strategy would be the most rewarding. We can then explore being a 3rd party milling option as well. In other good news, PoG breaking recent highs.

 
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