seems as if the market has finally realised that MDL will be a gold producer, the project is fully funded, the costs of production are relatively low. I still think they may get a t/o offer the timing of this as well as the price are relevant.A week ago an offer of 80cents per share may have got up.Now I am not so sure.If a third party waits until they are producing(this would remove much of the risk) the price they pay will be quite a bit higher. MDLs update has identified that they will produce 170,000X1300AUD ie 221 Million AUD in gold next year.It may actuall be more than this as I recall that they hedged their sales at about 860 USD per ounce.The devaluation of the AUD has increased their potential earnings significantly.My maths may be incorrect but at my estimate this represents around 40-50cents per share!.that cant be right can it?Comments
MDL Price at posting:
59.0¢ Sentiment: Hold Disclosure: Held
