Hebba Investments
Long only, value, contrarian, gold & precious metals

Midas Gold: Shares Slightly Undervalued But We Believe Investors Should Wait For A Better Entry Point

We will give a brief overview of Midas Gold (OTCQX:MDRPF), its primary project, and a projection based on its Preliminary Economic Assessment (PEA) study to determine whether the company makes a good buy at the current price. Of course, as with any explorer, there is a lot of work left to prove and de-risk this project and investors should always be cautious and follow the company's news releases to reassess their position - no exploration company is ever a "buy-and-forget-about" it type position.

Finally, our analysis relies heavily on the PEA issued by the company that may or may not hold up in the long-run (which is why it's preliminary after all), but we do believe it provides...

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