MDI middle island resources limited

There is no comparison. Their 16.8 g/t Au head grade (the whole...

  1. 445 Posts.
    lightbulb Created with Sketch. 106
    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?
 
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.
(20min delay)
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
Last trade - 13.17pm 23/06/2025 (20 minute delay) ?
MDI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.