Stock price when the opinion was issued
Just this week announced a new discovery, too early to say if it will be economic. So it has one discovery in the bag and two in the mail, which is unusual. Because it uses other people's money for exploration, it's not on the share issuance and dilution treadmill that other juniors are. Extremely well run.
If he was willing to take on the risk of exploration and endure the timeframes of it, which he is, he'd absolutely buy today if he didn't already own it.
Selling at a discount to royalty and cash holdings - lots of free upside. Commercially good company, along with technical talent. Exploration skills very high. Speculative pick, but very good option.