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.
An open pit gold project in the Yukon. Produced a feasibility study earlier this year, which actually worked at $1150-$1200 gold. There is additional exploration potential. They have $28 million in the treasury. This will probably get swallowed by a bigger company within the year.