Anyone watching the explosive performance
Here's a comment on another board


TRAINSPOTTER - 20 May'08 - 21:18 - 35 of 56


should MDM convert potential projects Kariba, Ezulwini, Kalagadi, Algeria Gold and Lily Mine into actual projects then the forecast EPS for FY 09 is around 100p. At current prices that's a forecast per of, well work it out for yourselves! Zero leverage as well.

Average sector per stands around 15-20. With MDM forecast to grow earnings by triple digit %'s into 09 and 2010 the scope for further price appreciation is excellent. ON a per of 10 for 2009 should be between 500-1000p assuming 10 for best case scenario of all above project secured.

TS

"

nice to see the SP strengthen a bit in a poor market sentiment backdrop...not surprised after yesterday's excellent results !
This could really rocket if and when the markets ever recover properly ! (imho)


More good news released this morning....the story gets better & better!

8th July, 2009
MDM Engineering Group Ltd
"MDM" or "MDM Engineering"
Notice of Award for MWS Phase 2


Following the completion of the cost budget estimate (CBE) awarded to MDM
Engineering (AIM: MDM) by First Uranium Corporation's (FIU), for Phase 2 of the
Mine Waste Solutions (MWS) Gold and Uranium Project, MDM is pleased to announce
that it has received a notice of award to immediately proceed with the Phase 2
of FIU's MWS Gold Project.


Phase 2 will incorporate another 650 000 tpm module for a tailings treatment and
reclaim plant. This module will compliment the existing 1.28 million tpm module
currently under construction by MDM.


George Bennett, MDM Engineering Executive Director commented:
"MDM is pleased to have been given the notice of award to fast track Phase 2 of
the MWS gold project and to proceed with the execution phase of the contract
after completion of the CBE."