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Gold/Mining/Energy : Midway Gold -- Ignore unavailable to you. Want to Upgrade?

To: hugh thorne who wrote (1031)	11/1/2008 9:53:36 PM
From: hugh thorne	Respond to of 1035

another way to look at it: this company is trading at 1 times the investment in the Spring valley project. the same project that Barrick are taking a serious look/committment.

To: hugh thorne who wrote (1031)	11/2/2008 6:58:18 AM
From: james flannigan	Read Replies (1) \| Respond to of 1035

Hugh. A much better buy is Andina minerals ADM.V. They have a 14 million oz (not all yet in 43-101) resource.The in ground ounces are trading for $2.00 per oz.They also have C$ 25 million in cash.ADM just prior to the credit crisis had 3 stand still agreements in place with major mining companies. The market spooked off a take over bid.But we seem to be getting into a more stable market in the past few weeks.My understanding is the majors are still doing DD.It is possible we could see a bid in a few weeks if conditions improve. Stay tuned. James