@Corgi you are normally spot on with your analysis but in this...

@Corgi you are normally spot on with your analysis but in this case @GuardianAngel8 is correct.

The following is a direct quote from page 3 of the 2019 Annual Report:

’At June 2019, Middle Island had an enterprise value per resource ounce of gold (EV/oz) of A$6.00, versus a peer average EV/oz of A$38.00. This EV/oz valuation takes no account of the Company’s 600,000tpa Sandstone processing plant in central WA and associated infrastructure (notional new for old replacement value of approximately A$60 million) or the balance of the 900,000-1.5Moz Two Mile tonalite deeps Exploration Target’.

I can’t recall seeing a value placed on the existing mining camp infrastructure, which includes ‘a 57-person owners’ camp, a 36 bed contractors’ camp and an eight-bed exploration camp’ (ref. www.middleisland.com.au/wp-content/uploads/2017/12/2017-Independent-Investment-Research.pdf).

@Corgi - I’m not raising this to point score. I value your contributions on HC and am flagging this because I’m interested in hearing what others might have uncovered. I’m in the same boat as others and can’t quite figure out this trading halt. I agree that it is possible that it’s got to do with Rick Yeates putting a value on the mining camp infrastructure, but the value of the mill has been stated before.

We’ll see what it’s about soon enough.

GLTAH