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I am confused and wish to be educated on the value of two apparently similar companies. At least they seem similar to me.
This is a very sketchy comparison between Midway and Firsgold. The main properties are Midway(Midway) and Relief Canyon (Firstgold) are sitting adjacent to each other. (similar trends being deliniated in Nevada.)
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Midway non-proven reserves 1.2 mil awaiting NI 43-101
Market Cap approx 90 mil
Category Junior Explorer
Properties 9
Stock traded on TSX-V and Amex
52 week range 1.90-4.74
Of interest, they have partnered with Barrick Gold
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Firstgold non-proven reserves 1-1.5 mil at RC alone awaiting NI 43-101
Category Junior Explorer shifting to Production
Market Cap approx 60 Mil
properties 5 in Nevada
Traded on TSX and OTCBB
52 wk range .39-.97
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What are the major differences in these companies? No really I am asking. For the sake of prompting a discussion:
OTCBB? i.e. credibility The TSX listing should have helped there...
Interest by Barrick? Yup at a glance, credibility.
Both companies are not NI 43-101 proven yet. However Midway seems to have deliniated there reserves better at a glance. Pretty 3-D graphs
Producers, nope both junior explorers however firstgold has just built a significant mill to shift to production.
Is Firstgold getting shorted on the OTCBB? They were on the Naked short list in May just after they announced the phase II find. No proven track record on the TSX?
Missed deadline for production by FGOC? Back to credibility?
Answers anyone? What am I missing.
Why .39-.97 versus 1.90-4.74?
Yes both were under downward pressure all year. But why is FGOC/FGD trading so much lower? Boot
1 member recommends this.
Like Firstgold Corporation? Then you might also be interested in Shoreham Resources Ltd
