Stock price when the opinion was issued
It is a higher cost asset. It is more volatile. They have a cash flow profile that will drop in a couple of years. The stock is off while investors plan to come back to it in a couple of years. You are buying it for the cost of the infrastructure. He would prefer to hold it for two years. (Analysts’ target: $20.44).
A high-quality Canadian deposit. Had some teething problems operationally. Good exploration upside. Either the share price goes higher or they get taken over in 2018.