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Hey tbrin - I was scratching my head when I saw the twitter...

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MaxP0wer

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26/08/20

20:51

Post #: 46846333
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Originally posted by tbrin: ↑

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.

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Hey tbrin - I was scratching my head when I saw the twitter post. That's why posted it here to see if I'm missing something.

Thanks for highlighting the key points!

MDI Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.7¢		Change 0.000(0.00%)		Mkt cap ! $3.712M

Open	High	Low	Value	Volume
1.7¢	1.7¢	1.7¢	$15.78K	928.2K

Buyers (Bids)

No.	Vol.	Price($)
3	994934	1.6¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	470066	2

View Market Depth

No.	Vol.	Price($)
3	994934	0.016
3	2304000	0.015
7	668356	0.014
1	600000	0.013
2	333333	0.012

Price($)	Vol.	No.
0.018	470066	2
0.019	1471631	5
0.020	306105	3
0.021	41750	1
0.022	93397	1

Last trade - 13.32pm 04/10/2024 (20 minute delay)

MDI (ASX) Chart

Hey tbrin - I was scratching my head when I saw the twitter...

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

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Hey tbrin - I was scratching my head when I saw the twitter...

Top Stories

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Featured News

Buyers (Bids)

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