The Critical Investor
Long/short equity, deep value, natural resources, short-term horizon

Undervalued Midway Gold Poised To Bounce Back: Financing Arranged And Fast-Tracking Towards Production

Executive summary continued:

    Midway Gold is, at least in my view, severely undervalued at this moment. The sum of parts valuation generates an estimated fair value of $1.36 per share, for a profit of 49% at a price of gold of $1250/oz. To be sure, this target is set for the end of June 2014, when the debt financing should be finalized...
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