Stock price when the opinion was issued
Nice deposit. He can see where the deposit makes sense for Silver Standard (SSO-T). If you have been a holder of this over the course of the year, you might sell enough to have all of your risk out of it. If the silver price continues to go up as he expects, over the next couple of years, this is a decent deposit for speculators.
He is less afraid of political risks. The management team has been successful in the past. Gold and silver demand has increased in the last couple of months.