Stock price when the opinion was issued
A Mongolian project with single assets. For all intents and purposes, it is a public controlled vehicle of Rio Tinto (RIO-N), which owns 51%. A low grade large deposit with lots of growth going down the road as they develop the underground portion. It is currently open pit. Feels it is fairly valued. Sensitive to copper.
Likes it. Top deposit in the world. He sees them being able to weather the low commodity environment. He thinks it will eventually be part of Rio Tinto.