Midway Gold (MDW) is in a similar situation NovaGold (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...
Only subscribers can access this article, which is part of the PRO research library covering 3,575 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: