Originally posted by GT55
https://www.mandalayresources.com/events/denver-gold-forum-2018/
For those of you that want to look forward at where this may all lead, I picked this up a few months ago, don’t worry about the presentation itself click on the highlighted webcast and fast forward to the 17 minute mark of the video. Dominic Duffy is very candid about what he says, typical Aussie no bullshit and says it how it is.
You don’t need to be an mining analyst, merchant banker or a computer programmer to work some of this stuff out.
If you have to finance a new plant and infrastructure you need a minimum 1 mill oz Aueq. But when you can possibly get it for let’s say a very cost effective price, the half a million ozAueq will do.
By my back of the hand numbers we have that already the drill bit decides if theres more to come.
I’ve done and keep doing my research and more than happy with what’s coming down the line.
GT55, this is an very exciting prospect seeing as Madalay currently have this processing plant in C&M. The key sentence in that presentation was when Dominic Duffy mentioned "divesting the asset of Cerro Bayo". JB and the BoD will have this on their radar and with his aggressive approach should hopefully be able to strike us a great deal. You pointed out the resource needed to build infrastructure for processing, well here we have a plant sitting there just waiting for the taking. Thanks for the share and I have no doubt everyone appreciates your postings.
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