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Stifel Nicolaus initiates Midway Gold (MDW -2%) at Buy, foreseeing production of 150K-200K...

Stifel Nicolaus initiates Midway Gold (MDW -2%) at Buy, foreseeing production of 150K-200K ounces annually with strong cash flow while retaining a prospective exploration upside. "In an environment where capital and operating cost inflation has marginalized large development projects, MDW's assets generally represent a portfolio of high return, technically simple, compact projects."
Comments (1)
  • dugalug
    , contributor
    Comments (7) | Send Message
     
    Is it time to invest in MDW? Looks like mineral assets are worth more than the market cap and from what I have been told, it is well funded. Extraction is right below the surface, above the water table which makes water removal a non-issue. Barrick Gold, if interested, could pay the way through to production with deferred construction costs for MDW.
    9 Aug 2012, 10:04 AM Reply Like
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