Six resource stocks for the long term including MDI
"Wendt says Middle Island Resources has secured high quality gold exploration assets in Burkina Faso and Niger in West Africa. The Reo project in Burkina Faso is the most exciting, comprising five exploration permits formerly held by US mining giant Newmont in exchange for Newmont taking a 10.15 per cent stake in Middle Island Resources. It also holds two permit applications made by Bureau de Consultations et des Services (BCS). Wendt likes the geography surrounding the Reo project, as it lies 90 kilometres north of the historic Poura gold mine (containing 1.5 million ounces), 100 kilometres northeast of the Mana deposit (containing 3 million ounces) and immediately northwest of the Perkoa zinc deposit being developed by ASX-listed Blackthorn Resources and Swiss commodity giant Glencore."
MDI Price at posting:
53.5¢ Sentiment: Buy Disclosure: Held
