MDS midas resources limited

hi guys..imo this is a real gem thats way oversold..midas will...

  1. 37,286 Posts.
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    hi guys..

    imo this is a real gem thats way oversold..

    midas will put some resource figues on the table shortly.

    and some have said it maybe over a million oz..

    company is well managed by:

    Mr David Donald Boyer
    Mr Rhoderick (Rhod) G J Grivas
    Mr Terrence (Terry) Ernest James Streeter

    major shareholder: harmony gold mining company..

    some drilling results:

    The Lake Carey Project: Prospective for gold and located near Laverton in
    Western Australia. Resources as at June 2003 were estimated at 6.6Mt @ 2.2g/t Au

    MDS' strategy for this project will focus on exploration, increasing the
    resource base and advancing feasibility studies with a view to commencing
    mining. In April 2003, drilling returned 5m @ 14.9g/t Au and 15m @ 4.83g/t Au at
    Fortitude. RC drilling in December 2003 intersected 14m @ 8.17g/t Au and 5m @
    13.35g/t Au.

    The Phantom Well Project: Located 5km south of Fortitude and comprising the
    Stealth and Mirage prospects. Drilling in May 2003 returned 3m @ 18.7g/t Au and
    10m @ 2.8g/t Au at Stealth.

    we all know that in a year or two gold will most likely be well over US$500.

    this will sit in extremely well when midas start mining operations..

    imo this is an excellent opportunity, for a longterm buy.

    regards







 
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