Will probably take some time for them to get their permitting in place, but they will overcome the challenges. Share price has come back a lot. A reflection of the gold industry. A tough business.
Has a deposit called the Hope Bay in Nunavut. Have approximately 9 million ounces of gold. The largest undeveloped medium grade gold deposit in Canada. Have all the environmental permits waiting and once they are approved, they will move up. Have increased their resources by another million.
Probably a takeover target for Newmont Mining (NMC-T). Have a resource of 6 million ounces in the Hope Bay project near Nunavut. Looking at a 25% to 50% higher stock price over 2 years.