Cash cost for MDL $441 (june report on their web site) How much gold ??? maybe 3.5 m oz and will grow with time Gold proce today, about $900 Net available is then about $450 So $450 x 3,500,000 is 1.575 Billion.
Plant cost and development...we dont know but put fat in and its $250m.....
So how much would you pay for this ??????
My guess is it will take some good $$ to grab this asset, especially with what is around it.
Old reports used to value it into the $2 to $3 a share about now on the development phase and the only change since then is Gold has grown in value.....
Therefore I still think that its a good investment, it will just take time.....
MDL Price at posting:
$3.15 Sentiment: Hold Disclosure: Held