It's not advisable. I'll give you some general pointers and hopefully, answer the points made by EDDIE51
Some years ago when I first went to college, we always ended up with mouldy sliced bread in the cupboard at the various student flats. We used to throw the bread away until some bright spark had the idea of toasting the bread. I can't honestly say we suffered any ill effects. In hindsight, it was stupid. Here�s why.
The blue-green coloured fungi you see on mouldy bread are likely to be one or more species of Penicillium. It is true that one species called Penicillium notatum, from which Penicillin can be derived, may occur on bread, but the species is rarely present. Sometimes, a white rim may be seen around the infected area on the bread.
The problem is that Penicillium species hardly ever grow alone on bread. More often than not other fungi such as Aspergillus, Fusarium and others grow alongside the Penicillium. Although some Aspergillus species may be recognised by their black spores, other fungi may be whitish or transparent and almost invisible to the naked eye.
Almost all these fungi can produce poisons called mycotoxins if the conditions are right. This doesn�t happen all the time and the presence of mould does not mean that mycotoxins have to present - but it is a real risk, as mycotoxins are harmful to humans. The extent of the harm can vary from kidney disease to death depending on the amount ingested. While this is not very likely to occur following the ingestion of the odd slice of �furry bread�, the risk is there. Aspergillus species in particular produce a really nasty substance called aflatoxin, which has been known to cause hundreds of fatalities worldwide in recent centuries. Other moulds produce carcinogenic substances on occasions.
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