Midway Gold (NYSEMKT:MDW) is in a similar situation NovaGold (NYSEMKT:NG) is in that it isn't mining anything or generating any revenue. That means its immediate future will be dependent on the conditions it meets when production begins. Since that won't be until the latter part of 2014 or possibly the early part of 2015, it's a toss of the dice as to what the gold price will be at that time.
What that will mean for Midway is if the price of gold is in a sustainable upward trend, it will be a far better environment to operate in when it finally reaches the production stage. Since it operates in a safe location and at fairly...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|
|PRO Top long ideas returned 21.7% in 2016**|