Relatively small market capitalization company with a large resource. Just recently received their certificate for their mine in Nunavut. 4 to 5 million oz. in resource. High grade for an open pit mine.
Building mines in northern Canada is going to become a very costly process. Has been a great stock, but there are better opportunities on a risk/reward bases.
Has a project in Baker Lake in Nunavut. At this price, it's a very robust project on which they have made some incremental additions to it. Not a lot of upside.
Likes the project. Had some serious cost overrun but have turned things around. Have a major reserve and are moving towards production now. Will probably be taken over. Not sure he would chase it aggressively at this point.
They are advancing their Metal Bank project near Baker Lake.There is about 3 1/2 million ounces of resources.Cost will be lower than expected, because they can open pit mine it.