Midway Gold Corp. (fka MDWCQ)

[Citrati]

I know that MDW has issues. A market cap under 18million just isn't reasonable, IMO, considering there are 30,000+ ounces on the leach pad and a brand new production facility, improvements etc worth in excess of $90million. There is zero value in the share price for gold in the ground even if total resource is 35% less than anticipated and the average grade is 15% less than expected. Mine life without expanding reserves may be reduced 1 year to 18 months but it is not ZERO value.
We will have to keep an eye on types of financing, dilution, cost control etc.
There are also the Spring Valley and the Gold Rock projects which now contribute no value to share price or market cap.

Hmm. Maybe merge with billionaire Frost and Pershing Gold. The properties are not that far apart in distance. Maybe a deal with a royalty streaming company.

This is far from over IMO, and management is not just going to walk away.

Other thoughts are welcome. Have a great weekend.