The Russian project is formidable and more viable than some people thought. Will probably be in the 2nd tier of companies that he sees as take over candidates.
Newspaper article suggested a possible takeover by Kinross (K-T) which would make synergy sense. Wouldn't be surprised if it happened. A middle tier type company. Some good assets, but analysts don't like it because of the cost and location. Probably one of the 3/4 takeover candidates in this size.
The biggest upside is their Russian project which is a high-grade one. Seems to be able to navigate through the system successfully. Also have a good project in Chile which is very capital intensive.