MDI middle island resources limited

Only traders worry about fickle SP movements, no one gives a...

  1. 2,636 Posts.
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    Only traders worry about fickle SP movements, no one gives a shit about the number of SOI, only traders do. It's all about the market cap brother.

    Not saying we are going to Emulate NST's success, but would like to bring up that around 10 years ago they were junior miners with production capacity and resource alot less that what we have at Sandstone.

    In 10 years NST went from a $12 Mil Market Cap Company to now $12 Billion.

    They were in the right place at the right time. They were producing gold as the POG surged and had a few good years at peak gold prices, built up solid cash reserves, acquired a number of other prospects and now are producing on a massive scale.

    Open pit mining, low stripping ratio, high recoveries is a highly profitable space to be in and during the next gold bull market will generate a tremendous amount of value for shareholders. Say, we have 2 years of good production @ 80,000oz PA and the POG is $5,000 Aud and our AISC is $1,000 Aud, what is the profit margin on that? Hell even at the current spot price, the margins are mind blowing! The cash reserves will be used to acquire other deposits or paid in dividends or both.

    There is continual mention of consolidation in MDI presentations or stranded deposits...Look at the number of deposits within a 50Km radius to us.... See the correlation?

    In 24 Months time MDI is going to be a very different company.

 
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Last
1.7¢
Change
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Mkt cap ! $4.984M
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No. Vol. Price($)
3 327578 1.7¢
 

Sellers (Offers)

Price($) Vol. No.
1.9¢ 40000 1
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Last trade - 16.21pm 30/07/2025 (20 minute delay) ?
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