Feral MDL have a production cost of around 400USD per ounce, the mine will be profitable unless gold falls below this level.
The mineral sands projectr is going to be difficult to get up in the current climate.
The trading volumes recently have been increasing significantly.
The bigger issue will be what happens if a t/o is made will management split the company sell the gold and keep the sands project, or will the spider get the whole lot.
Hold your nerve son
MDL Price at posting:
68.0¢ Sentiment: Hold Disclosure: Held