Not sure I see the point of this post. The photo in the twitter...

Not sure I see the point of this post. The photo in the twitter post is basically identical to that used in MDIs ASX announcements. The company has never hidden that the plant needs $10m to refurb it. Beats $300m to build it from scratch.

Gold plants dont need a fresh coat of paint to extract gold. MDI have circa 670k ounces at Sandstone and rapidly growing. At US$1900 gold with lets say $900 AISC per ounce (given that CAPEX is heavily reduced to around $10m to maybe $15m), thats a AUD$931m value for a AUD$45m market cap

Thats just Sandstone and forgets potential toll milling of the numerous nearby stranded deposits, and also forgets the 10 recently awarded exploration licences adjacent Rio Tinto and Newcrest holdings.

I say spend an extra $5m to give the old mill a coat of paint... and start pumping out the bullion.