Stock price when the opinion was issued
One of the few good projects out there, that offers a relatively low CapX to build. A high grade oxide deposit, which is a heap leach process that he had real concerns with initially that far north. He went through this with their technical expert in a lot of detail, and it will leach. Infrastructure is a bit of an issue, but he thinks it can be dealt with. A good project and something you can accumulate at this price.
Bought in December/November and sold half since then. It has good grade and is one of the remaining good gold deposits held by a junior. They are looking at production into 2018. If it dropped more, he would buy more.