Brent Cook Midas Gold MAX-T COMMENT Mar 06, 2013

A large deposit of gold and antimony. A very economic deposit. They have a long way to go. The permitting is doable and it is 4 or 5 years out. Then they will be a takeover target.

Probably some of the best undeveloped deposits in the US. Nice grade, big, multimillion ounce with a bit of antimony kicker. If you are looking for something with leverage to the gold price, this is probably it. The drawback is that it is a big CapX of probably $700 million plus to build, and is a long permitting process.

This really needs $1300 gold for their Stibnite project to be viable. The ounces are higher grade and they have $1 billion in CapX. Just raised $55 million. It could be another 3 years.

Good management, but thinks they made a mistake a few months ago by diluting the existing shareholders over 100%, to move a project into production that would have benefited from higher gold prices. Despite the mistake, the market will like it. Thinks the stock is going higher.

They are going to mine both gold and antimony on a decommissioned site, but it only works at $1600 gold. They are raising money, permitting and drilling, but will anything get permitted in Idaho with Trump’s anti-globalization policies. Antimony mostly comes from China.

Has known this for a long time. Based in Idaho. A high-grade deposit in a difficult location with environmental issues on the ground that they can solve. (Salmon can't get past the pit.) It's a good deposit. The best undeveloped gold deposit in the U.S.