Mandalay Resources is set to benefit from a significant antimony shortage, with my valuation for the company's shares at CA$17 versus the current CA$4.25. Antimony's supply-demand imbalance, driven by China's export ban and rising solar panel demand, will likely result in a rise in antimony prices to $100,000 per ton. Mandalay's Costerfield mine, the only Western antimony producing mine, could see free cash flow double if antimony prices reach expected levels.
Mandalay Resources Corp (OTCQB:MNDJF) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Frazer Bourchier - President and Chief Executive Officer Ryan Austerberry - Chief Operating Officer Hashim Ahmed - Chief Financial Officer Chris Davis - Vice President, Operational Geology and Exploration Conference Call Participants Kevin Tracey - Oberon Asset Management LLC Operator Good morning, ladies and gentlemen, and welcome to the Mandalay Resources Corporation Third Quarter 2024 Conference Call. At this time, all lines are in listen-only mode.