Stock price when the opinion was issued
Selling one royalty to Triple Flag Royalties for stock. Likes it right now because company's valued at less than total value of OGN and Triple Flag combined, there's a merger arbitrage in play. The transaction is accretive to both parties. Shareholders should take the share option, rather than the cash option, and be very happy in a 2-3 year timeframe. No dividend.
(Analysts’ price target is $2.00)
Specialist in early stage exploration.
Very think market cap, so liquidity is a concern.
Royalties in two projects - Nevada & Mexico.
Assets could easily be sold for more than current market cap of company.