Stock price when the opinion was issued
People are concerned about the deleterious elements in the ore. Thinks the grade is so high that people will be willing to accept the smelter penalty. When people realize they can still make money, either share price goes up or it gets taken out.
Superb relationship with host First Nations -- both royalty holders and shareholders. This says something about the management team.
Strong technicals and chart. Gold is rallying--a rising tide floats all boats. In recent weeks, though, SKE is consolidating and more institutional selling. Likes gold longer-term. Also, gold has poor seasonality from August to October.