Rupert Hargreaves
Long only, value, contrarian, deep value

Mandalay Resources Corp; One Of The Market's Most Efficient And Undervalued Miners


Within this article I am going to lay out the investment case for precious metals miner Mandalay Resources Corp (OTC:MNDJF) (TSE:MND). This article lays out Mandalay's strategy for growth over the long-term as well as short-term production forecasts, planned spending and predicted costs. In addition, this article covers Mandalay's financial position, the company's predicted cash requirements for development and planned returns to shareholders. Alongside this fundamental information, I will present the value case for Mandalay, break down the company's current valuation, and discuss reasons why it is significantly undervalued in comparison to its peers and the wider industry.

Mandalay is a micro-cap with a market capitalization of under $300 million and an average daily volume of under

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