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

Medusa Mining - Low-Cost Gold And Buyout Potential


In this article I'll have a closer look at Medusa Mining (OTCPK:MDSMF), a gold producer with a $387M market capitalization which is currently ramping up its production rate at its Philippine mine. I'll start with an explanation of the project and will move over to the next phase of the company's production plan. I will also make some cash flow calculations to find a good target price. As the Philippines are a relatively unknown territory for most investors, I'll also discuss the geopolitical risk for doing business in the Philippines and I will talk about the main reasons why Medusa Mining is currently undervalued. All this will result in my investment thesis at the end of this...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
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