You want to have some gold in your portfolio. Good set of properties. Close to infrastructure. Have 2 million pounds of historical and current resource.
Likes gold. You want gold in safe political jurisdictions (northern Ontario). Had some good drill results recently. Thinks they will get taken out in 1-2 years.
One of his favourite names in gold. Significant asset in Kirkland Lake Ont. Agnico Eagle (AEM-T) own 10% of the company and at some point in time will possibly want to own 100%.
(Top Pick June 10/11, Down 49%) Cut down because things weren’t working, but maintains a small position. Has a lot of cash on their balance sheet so there is not a financing risk. Operates in an attractive location. AEM-T might take them out.