There is no comparison. Their 16.8 g/t Au head grade (the whole resource, let that sink in) compared to our 1.38 g/t Au is apples and oranges. A few high grade intercepts doesn't make a high grade resource, we are nowhere near that. We will be a low grade low strip mining project, opposite end of the spectrum to SPX.
What you've described is exactly (or at least should be) MDI's model, that reference is about as close at it gets. Small scale production with staged development to supply cashflow and expand resource inventory - not some all out assault thinking this will be producing 35-40koz p.a. as we are all diluted into oblivion (no chance).
Any comment on management by the way?
- Forums
- ASX - By Stock
- Ann: Second new gold deposit defined at Sandstone project
MDI
middle island resources limited
Add to My Watchlist
4.76%
!
2.2¢

There is no comparison. Their 16.8 g/t Au head grade (the whole...
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
2.2¢ |
Change
0.001(4.76%) |
Mkt cap ! $6.451M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.2¢ | $2.777K | 126.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 655352 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 250000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 655352 | 0.022 |
1 | 203461 | 0.021 |
3 | 340915 | 0.020 |
1 | 200000 | 0.018 |
2 | 1269214 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 250000 | 1 |
0.025 | 499999 | 1 |
0.028 | 55000 | 1 |
0.029 | 193839 | 2 |
0.030 | 150000 | 1 |
Last trade - 13.17pm 23/06/2025 (20 minute delay) ? |
Featured News
MDI (ASX) Chart |