Midway Gold Corp V.MDW

A complete failure.

[realitycheck111]

Shame on this company by not performing adequate in-fill drilling, assuming ROM with fines was going leach after the initial slug of gold, having insufficient capital to install crushing and agglomeration system, spending money on Gold Rock when constructing Pan, allowing the x-ceo to leave (let's hope he lost his shorts in stock value), bringing in a new CEO when they likely had indications of serious grade/recovery/capital concerns (not the new CEOs fault), lending institutions for not performing proper due diligence, among others.  Let's hope the reclamation bond is sufficient to clean-up all the acreage which may have been needlessly disturbed if these deposits are uneconomic to mine.  More egg on mining companies in NV.

[ekim]

Is this a complete dejavu of Colossus's epic failure? Sounds eerily similar. EKIM

[sb342]

It is from an investment standpoint. From an industry standpoint it is worse. Colossus was never able to put together a resource report or feasibility study due to the nature of the project (very challenging!!) and was pumped way higher than MDW. However, MDW is the project all thought was safe and had defined reserves. We all knew the economics were outdated but of all the risks it was not grade

[realitycheck111]

These 43-101's are garbage validated by people within the company. Gold rock has no reserve and requires both milling and heaping. Obtaining pre-mature permits is not how it is done. They will sell the Spring Valley interest for a song.  All of this for basically nothing.