Midway Gold Corp V.MDW

Sell Spring Valley or Gold Rock

[cre8value]

It is time to turn this around. 

The cash will allow for Pan to add the crusher and mine the North and South pits together.

LEASE a temporary mobile crusher to jump start this process.

Diesel prices are down. This is open pit mining. Operating costs should be DOWN.  

Expand the resource by drilling. This is a shallow deposit, 500 meters at most.

[realitycheck111]

 If in-fill drilling does not substantiate original modeled grade ore, i.e. 8 to12% less coupled with poor recovery, this project at its low grade could ruin Midway.  Expanding a low grade resource if the current resource cannot be economically mined would make little sense.    Even with the current contract miner and a new crushing circuit with agglomerator, operating costs

[TruthMachine1]

My goodness, I'm a small shareholder and even I have to admit what a freaking disaster MDW has on their hands. The 20% reduction of grades and ounces across the board is about as bad a situation that could happen for a low gold price cycle coupled with a low grade deposit to start with. The company that did MDW's 43-101 metalurgy and recovery metrics I would say may have a few less