Stock price when the opinion was issued
The stock is hitting resistance. Gold and silver have done very well. To know where the price of a commodity is going, look at companies that use the commodity. Look at FVI's share price, and that's been rallying. Don't add positions in gold and silver now, because mid-May enters seasonal strength in the USD--bad for Canadian minerals. But look at these names in late-June. Be patient.
Quality of US balance sheet is very poor, and not getting any better. 10-year forecast for the US deficit is $5T a year. Global debt to GDP isn't a lot better. And if balance sheets doesn't get any better, what's going to? You need an alternate to currencies.
He's very bullish on this area. Acquisition in the Ivory Coast, and one analyst has come down hard on the company as a result. Shares have been pushed down almost down to book value. Don't wring your hands and moan; instead, use this as an opportunity to buy a cheap stock. This name has one of the highest intrinsic value targets of all the gold stocks, over 120% higher. No dividend.
Likes both, but slightly prefers FVI, since it's so deeply out of favour. He's less conscious of political risk than most investors. Both are well run. Both have successfully brought Tier 2 deposits into production on time and on budget with efficient operations.