Also, with MDI, it's well known that their substantial holder Stephen Couplous is selling and buyers are only interested in forced selling from the guy. With time, all his units will be absorbed.
Until then, in the short term, he is keeping the SP down. However, they are valued at such a RETARDED MARKET CAP. They have a processing plant, associated infrastructure and camp assets worth around $80 Mil with no DEBT. Likely a LOM in excess of 10 Years. A few Shallow High Grade Open Pit Deposits. Historically have produced up to 90 Koz P.a. First gold pour next year. I could easily hold them for 5 years, let them build a cash reserve of in excess of $150 Million and let's see if their market cap is still less than $40Mil!
The Market is Retarded and there are alot of undervalued companies. Look and you shall find!
If the market was right all the time, you would never make any money.
AUC Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
