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Category: Junior: Late Stage Developer
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Midas Gold Corp
www: www.midasgoldcorp.com     email: info@midasgoldcorp.com

Profile
Notes
Forum
Your Data

Symbol Data

Symbol Currency
OTCMKTS:MDRPF USD
TSE:MAX CAD

Description

Midas Gold Corp are a gold focused junior, late stage development company with one mine in development in USA. They have approximately 7.4Moz. of gold in the reserves and resources category of which 5.4Moz. are in the measured and indicated category. They have a market capitalisation of ~$251.74M which is a fall of roughly 22% over the last three months. As of 06/23/2018 they have ~$22M debt and ~$42M cash. They have 234M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 06/23/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $322.35M $251.74M 06/23/2018 $-70.61M
Total Assets: $100.00M $100.00M 06/23/2018 $0.00M
Total Liabilities: $78.00M $78.00M 06/23/2018 $0.00M
Current Assets: $42.00M $42.00M 06/23/2018 $0.00M
Current Liabilities: $2.70M $2.70M 06/23/2018 $0.00M
Total Debt: $22.00M $22.00M 06/23/2018 $0.00M
Cash: $42.00M $42.00M 06/23/2018 $0.00M
Enterprise Value: $302.35M $231.74M 05/05/1977 $-70.61M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: 06/23/2018 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 06/23/2018 0.00%
Misc 06/23/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 234,000,000 234,000,000 06/23/2018 0
Shares (FD): 394,000,000 394,000,000 06/23/2018 0
Insider Ownership: n/a 50% 06/24/2018 50%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2022 06/23/2018 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
06/23/2018 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
06/23/2018 0
Initial CapEx (Outstanding): $970.00M
300.92% of Mkt.Cap
$970.00M
385.32% of Mkt.Cap
06/23/2018 $0.00M
Funding Option: n/a n/a 06/23/2018 n/a
Documentation: none PFS 06/24/2018 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 06/23/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 06/23/2018 0.00M
Measured & Indicated: 5.40M 5.40M 06/23/2018 0.00M
Inferred: 2.00M 2.00M 06/23/2018 0.00M
Reserves & Resources: 7.40M 7.40M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 06/23/2018 0.00M
Measured & Indicated: 3.67M 3.67M 06/23/2018 0.00M
Inferred: 0.85M 0.85M 06/23/2018 0.00M
Reserves & Resources: 4.52M 4.52M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 06/23/2018 $0.00
Extra Operating Cost: n/a n/a 06/23/2018 $0.00
Average Grade: 1.60 g/t 1.60 g/t 06/23/2018 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 06/24/2018 0.00%
F
U
T
U
R
E
Proven & Probable: 6.00M 6.00M 06/23/2018 0.00M
Annual Production: 350,000oz. 350,000oz. 06/23/2018 0oz.
Cash Cost: $600 $600 06/23/2018 $0
Extra Operating Cost: $400 $400 06/23/2018 $0
SILVER 06/23/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 06/23/2018 0.00M
Measured & Indicated: n/a n/a 06/23/2018 0.00M
Inferred: n/a n/a 06/23/2018 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 06/23/2018 0.00M
Measured & Indicated: n/a n/a 06/23/2018 0.00M
Inferred: n/a n/a 06/23/2018 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 06/23/2018 $0.00
Extra Operating Cost: n/a n/a 06/23/2018 $0.00
Average Grade: n/a n/a 06/23/2018 n/a
Recovery Rate: n/a n/a 06/23/2018 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 06/23/2018 0.00M
Annual Production: n/a n/a 06/23/2018 n/a
Cash Cost: n/a n/a 06/23/2018 n/a
Extra Operating Cost: n/a n/a 06/23/2018 n/a

Property

Last Analysis Data  (06/23/2018)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Idaho, USA Stibnite 100% 10,000 Open Pit show
6.5 million oz resource (1.6 gpt).

3 open pit deposits.

Past producing mine. Historical tailing. Should be easier to permit.

Need permits.

Likely 3 years for permits.

PEA calls for $880 million capex and 350,000 oz of production for 12 years.

Cash costs of only $425 because of offsets in silver and antimony.

All-in costs around $700, but I'm targeting $900.

IRR of 27% after tax at $1400 gold.

NPV of $1.4 billion at $1400 gold.
Total Land Package Size (ha): 10,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Idaho, USA Stibnite 100% 10,000 Open Pit show
6.5 million oz resource (1.6 gpt).

3 open pit deposits.

Past producing mine. Historical tailing. Should be easier to permit.

Need permits.

Likely 3 years for permits.

PEA calls for $880 million capex and 350,000 oz of production for 12 years.

Cash costs of only $425 because of offsets in silver and antimony.

All-in costs around $700, but I'm targeting $900.

IRR of 27% after tax at $1400 gold.

NPV of $1.4 billion at $1400 gold.
Total Land Package Size (ha): 10,000  

Profitability (by resource)

Proven &
Probable
06/23/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD Mkt. Cap / Gold Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Silver Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Per Metal
as % Spot Price:
n/a n/a n/a 0.00%
Measured &
Indicated
06/23/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 5.40M 5.40M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 39.29M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 3.67M 3.67M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 26.72M
Maximum Profit (Gold): $691.18M $522.31M n/a $-168.88M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $691.18M $522.31M n/a $-168.88M
Max Profit / Current MCap: 2.144 2.075 n/a -0.069
Max Profit Per Share (Gold): $1.75 $1.33 n/a $-0.43
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.75 $1.33 n/a $-0.43
Total Free Profit Per Share: $0.70 $0.51 n/a $-0.20
FD Mkt. Cap / Gold Eq.: $87.79 $68.56 n/a $-19.23
FD Mkt. Cap / Silver Eq.: $1.14 $0.81 n/a $-0.33
FD Mkt. Cap / Per Metal
as % Spot Price:
6.92% 5.70% n/a -1.22%

Reserves &
Resources
06/23/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 7.40M 7.40M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 53.84M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 4.52M 4.52M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 32.90M
Maximum Profit (Gold): $851.18M $643.21M n/a $-207.97M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $851.18M $643.21M n/a $-207.97M
Max Profit / Current MCap: 2.641 2.555 n/a -0.085
Max Profit Per Share (Gold): $2.16 $1.63 n/a $-0.53
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.16 $1.63 n/a $-0.53
Total Free Profit Per Share: $1.11 $0.81 n/a $-0.30
FD Mkt. Cap / Gold Eq.: $71.28 $55.67 n/a $-15.61
FD Mkt. Cap / Silver Eq.: $0.92 $0.66 n/a $-0.26
FD Mkt. Cap / Per Metal
as % Spot Price:
5.62% 4.63% n/a -0.99%

Future Valuation (Cash Flow & Totals)

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