midas resources.....at a glance

midas is highly enthusiastic about the opportunities created by an alliance with cngc in kuan city . its annual production is believed to be around 1 million ounces.december quarter of 2005 wil see midas becoming a gold producer as well as having exclusive rights to other gold exploration projects held by cngc.current drilling is consideredto be a substantial gold-mineralised system.brokers are starting to realise that the combination of projects this one included and including the base 437000 oz gold resource at laverton,plus such a low share price,gives investors a great opportunity to get in on the ground floor