Post by
EdgarL on Jun 19, 2014 11:21am
Gold Rock
With all that's happened with Midway with financing and progress on Pan, it seems like the Gold Rock announcement on May 28th wasn't noticed by everyone. Gold Rock is planned to be the second mine and the annoucement was an 65% increase in M&I (from 310,000 oz to 513,000) and a 62% increase in inferred (from 331,000 oz to 536,000). This is really big news for MDW investors!
Ken Brunk, President and CEO said "We are leveraging the development and permitting experience gained from our accomplishments at Pan to advance Gold Rock as our second gold mine in a timely and efficient manner."
If you do a comparison to another favorite stock - TXG Torex Gold - who I like very much and is also moving to production, I see Midway in a much better position on a shorter timeline. In comparison, Midway should be more than double what it's trading at now.