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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (106302)	4/28/2021 8:45:59 AM
From: Goose94	Read Replies (1) \| Respond to of 203330

Mandalay Resources (MND-T) Mackie Research Buy Target $5.50 New High-Grade Discovery Already Taking Shape at Costerfield Mine MND has confirmed the discovery of a new high-grade structural domain at its Costerfield underground gold mine in the Victoria, Australia. A total of 11 holes and one wedged hole have been completed since January, when the Company announced the partial intersection of a sub-vertical to easterly dipping quartz vein grading 460.5 gpt Au over 0.11m. That discovery was located 90m deeper than the next deepest known intercept and 200m deeper than the deepest heading on the producing Youle orebody, and a subsequent wedge lent strong support to its results, averaging 165.1 gpt over 0.2m. This prompted the company to develop a second drill pad further to the east for proper hole targeting. We maintain our BUY recommendation and $5.50/share target price, based on the continued use of a 1.0x multiple to our NAV.