MDI middle island resources limited

Ann: Second new gold deposit defined at Sandstone project, page-113

  1. 445 Posts.
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    For those wanting some sort of reference, BCN is probably the most appropriate. (I read someone mention SPX, absolutely no comparison - they're head grade is about 15x ours).

    Ideally we will be looking at processing closer to 300-500koz. We should also have lower or equal pre-production capex.

    Their AISC is enviable but I would imagine we'd have a stronger NPV and likely IRR.

    They're currently in production and hit a high of $150mil cap on the way up, so there's obviously solid upside here which is why we're all involved. Takes a lot to get there though. I noticed there isn't much discussion on here regarding management - anyone actually looked into how they've handled this company over the last few years?

    Note:

    PoG now at A$2700/oz compared to A$1650 used in this PFS.

    This is all IMO. @Corgi have a read.

    https://hotcopper.com.au/data/attachments/2115/2115617-891431994ccacd6b1f7c9916476b797d.jpg
    Last edited by CS96: 24/04/20
 
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