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Medallion Metals (MM8) – Kundip Growth, More to Come

    Home Latest Research Medallion Metals (MM8) – Kundip Growth, More to Come
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    Medallion Metals (MM8) – Kundip Growth, More to Come

    By Wendy McEvoy | Latest Research | 0 comment | 15 June, 2022 | 0

    Since listing in March last year, Medallion Metals has completed 45 km of drilling at its Ravensthorpe Gold Project. 26 km of this drilling has been included in an updated Resource Estimate for the Kundip Gold Project. The headline of 1.1Mozs @ 2.1 g/t Au (1.4Moz @ 2.6 g/t AuEq when copper credits are considered) has exceeded our +1Moz expectation. Exploration upside remains a key differentiator for Medallion, with numerous regional targets, and all deposits open at depth. We adjust our model to factor in a larger mining inventory supported by this updated Resource estimate. Our valuation improves to 50cps, prior 39cps. We maintain our Speculative Buy recommendation. 

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