Proof MDW cannot profit at current gold prices.
The only reason for buying MDW is because you DREAM that gold prices will go hundreds of dollars per ounce higher than they are currently. Anywhere near current gold prices, MDW cannot remotely generate a profit even if it hails Mary.
Current gold price: $1300/ounce
MDW's fully-loaded mining costs: $824/ounce
Average all-in mining costs for major gold miners: $1250/ounce
Cash burn rate: $1.3M/month ($15.6M/year)
Needs $100 million to fund Pan project
= NO PROFIT POTENTIAL = DILUTION AHEAD = IMPOSSIBLE TO PROFIT UNLESS IT GENERATES MORE THAN $115.6M IN A YEAR BY EXTRACTING 242,857 ounces of gold and actually achieving its fully-loaded cost and not going over, which will never ever ever ever ever ever happen obviously.
STOP DREAMING.
SELL MDW.
MDW's fully diluted market cap is $242 million. In other words, MDW needs to raise $100M, or almost half the company's value !!!!! by diluting current shareholders
SHARE PRICE GOING LOWER ---->
