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Gold/Mining/Energy : Midway Gold

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To: Wayne Whalen who wrote (391)1/16/2006 7:51:52 PM
From: james flannigan  Read Replies (1) of 1035
 
I will attempt to read between the lines.On the day of the Street wire I called Ron Cooper at MDW and asked if the Will Percell Street Wire was fact.Ron said yes.I talked to him about the numbers put forth by Will,and was told that they were "back of the envelope numbers" only at this point as more drilling was needed to confirm any such #s.I feel that under N43-101 the company did the right thing in coming out to clarify the Street Wire.To this point as WillP pointed out more drilling was needed to reach any #s like the ones in the SW.I can say those #s were the same ones I was told when I last spoke to Midway.Under 34-101 the company can not say in public such forward statements.Yet the company is not denying them either with their statement" Strictly conceptual in nature" and " have yet been defined on these projects".Investors can take IMO comfort that this company is trying to do the right things and not create a hyper bubble in the stock that would not be justified by the data.Under 43-101 their hands are tied.But I feel as do they the gold projects are the best in Nevada. James
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