Stock price when the opinion was issued
Hoping to bring a second silver mine into production in Morocco, which has boosted investor-friendly fiscal regimes. Spectacular recent drilling results, not that the market has cared. He needs more results and more consistency to model the deposit. No country is without political risk, and he compares the reward to the (political) risk.
Still thinks it'll have a really nice second half. He hasn't read the report yet, but a lot of short sellers just want a plausible enough story to make some money.
Trades at 0.71 price to NAV, likes it. Huge growth rate has moderated somewhat from a year ago. He'll assess the report and see if he should actually be buying more.
Silver developer in Morocco. Great job building first mine, now on their second. Revenue growth and cashflow growth is built-in for at least 5 years to come. Came to the aid of earthquake victims, when the government couldn't, and this will benefit them for generations.