Gary Bourgeault
Long only, research analyst, portfolio strategy, media

Midway Gold's Production Debut Approaching

Midway Gold (NYSEMKT:MDW) is in a similar situation NovaGold (NYSEMKT:NG) is in that it isn't mining anything or generating any revenue. That means its immediate future will be dependent on the conditions it meets when production begins. Since that won't be until the latter part of 2014 or possibly the early part of 2015, it's a toss of the dice as to what the gold price will be at that time.

What that will mean for Midway is if the price of gold is in a sustainable upward trend, it will be a far better environment to operate in when it finally reaches the production stage. Since it operates in a safe location and at fairly...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details