In this article I'll have a closer look at Medusa Mining (OTC: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...
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