TMAC Resources Inc. (TMR-T)

Their project near the coast of Nunavut has run into issues with the metallurgy. The process they've used hasn't worked. Until they turn this around, the deposit is in trouble.

A gold project just north of Nunavut. This has been a very interesting project. Because of past ownership and the amount of money put into the exploration, this is now a robust project. They are just going into production now.

Agnico’s (AEM-T) experience with Metal Bank has got the market more comfortable with operating in northern environments. This project was over spec’d in terms of size and over capitalized by Newmont. The company has a very credible management team. Fully financed and on target to get the project built by 2018. It will be a brand-new gold producer in northern Canada, which we haven’t seen in the juniors for a long time.

Hope Bay gold project. He is the senior lender. Great management. High quality guy working in a tough environment.