By: Brien Lundin
Gold Newsletter

Midas Gold (MAX.TO; MDRPF.PK; C$1.07) has been demonstrating that news flow isn’t everything. Especially when your company controls a multimillion-ounce gold deposit in a safe mining district.

Midas’ Stibnite gold project in Idaho is the kind of project that major mining companies salivate over. So, in spite of a dearth of news recently, Midas Gold’s share price has enjoyed a three-fold increase since the beginning of the year.

The company completed a C$55.2 million financing in March and is moving steadily toward generating feasibility and permitting studies on Stibnite. The latest word from the company is that it has begun feasibilitylevel metallurgical test work on the project that will continue through Q2 2017.

News may come at a premium with this company, but the in situ value (and Midas’ potential as a takeout target), makes the company one to watch closely, even after all the appreciation it has enjoyed this year. It’s a hold for now, but a buy on any significant weakness.


The above is an excerpt from GOLD NEWSLETTER August 2016 Issue. 

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