MDI middle island resources limited

The fundamentals cannot get any better with MDI.Fact, we require...

  1. 2,636 Posts.
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    The fundamentals cannot get any better with MDI.

    Fact, we require very little capital and lead time to start production.

    Rick stated in an interview that he views production starting at a modest circa 25,000 - 30,000 oz First Year progressing to 80,000 oz +.

    Say the SP stays the same, after two years of production, we'd have assets worth over $50 Mil, Possibly over 1 Moz + resource, over a minimum of $50 Mil Cash or Cash Equivalent, NO DEBT, over 1.5 Moz + of Toll Milling resource options to pursue. Pretty sure there would be an imminent re-rate at some point wink.png

    IMO, the SP is fully in the hands of the market makers & pro money, Retail Investors have zero influence on the SP. It's getting re-rated as the campaign progresses.

    We have barely started, still plenty more to come, we have just received an handful of assays and a resource update to 2 existing deposits....

    We already have an aggregate of 650,000oz

    • Shillington Gap 1.1 Km Target Deposit
    • Eureka Deposit
    • Plum Pudding Deposit
    • Twin Shafts Deposit
    • Goat Farm Deposit
    • Old Ton Well Deposit
    • The Ridge Deposit
    • McIntyre Deposit
    • McClaren Deposit

    Hopefully finish Someone between 1 Moz - 1.5 Moz+!
    Last edited by Corgi: 27/07/20
 
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