Stock price when the opinion was issued
Has never owned this. The deposit was looked at by Rio Tinto and Anglo which spent a lot of money on it, but then both walked away. His investment thesis on any exploration or developing companies is for an eventual take out. When he sees 2 majors walking away from it, it makes him think twice. Also has problems with the economics as some of the high grades is much deeper.
(A Top Pick Dec 14/16. Up 13%.) One of those eternals that is desperately trying to become one of the world’s greatest copper/gold mines in Alaska. It has recently been affronted by criticisms from so-called EPA scientists who have not been given a chance to protest about certain permits being granted.
Embroiled in environmental issues. But new life under the Trump administration, so all bets are off. Gold and copper in Alaska. Stock's almost tripled since the election. Current project is massive, ~$6B. Nice to be able to get permitting, but how are they going to finance it?