The Investment Doctor
Long/short equity, value, debt, base metals

Midway Gold - Cheap Gold In Nevada

Introduction

In this article I'll discuss Midway Gold (NYSEMKT:MDW), a gold-focused company gearing up for its first gold pour in 2014.

I'll start with a general business overview and move over to the expected production profile of the company's first project which will go into production. This will result in my investment thesis at the end.

General Overview

Midway Gold owns the Pan Project in Nevada, which is an open pit heap leachable project which should generate a substantial amount of cash flow over the life of mine. Midway expects to start production on the Pan project by the end of 2014, but I'd expect some minor delays (which is very usual in the mining sector) and am...

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