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This is the beginning of the story to have a great asset in Burkina Faso. It is about 900,000 ounces mineable. He will be patient with this one for a couple of years. It’s only one of those handful of things that he will own to have cheap gold exposure at this price. He would like to see it at $1-$1.50. This should be one of the top companies on the list if the market decides to look at junior golds again.
Likes the high grade nature of the deposit. One of the higher grade deposits out there and would be a good fit for a lot of producers there. He likes free cash flowing names and can fund developments. They need equity or to be acquired for him to buy it.