There is a discovery in Nevada that is potentially really significant. Hit the right rocks and the right alterations in a very strong system. Wedging down and trying to expand it. Will be an expensive project.
Uranium. Had a discovery in the Athabascan basin in Saskatchewan of high-grade mineralisation. Small at 40-100 meters long by 15-30 meters wide by 20 to 50 meters deep. Very profitable if you can mind them effectively. Could be a long time before they are taken out.
Has a project in Idaho. High-grade chute that runs to depth along a structure and by itself is not a large deposit. So they now have to find more along a trend which could make it economic.
Ramped up expectations on some veins they were finding, which is why the stock went up so high. The mineralisation was very erratically distributed. Doesn't think it is a very economic deposit.
Pan-American Silver is buying into their Mexican deposit, which is a very encouraging sign. Hasn't gone through the numbers to see if it is reasonably valued or not. Mining costs could be high.
Have a nice gold deposit. There are a number of parallel structures to the main vein where they have been pulling some very good holes and getting good mineralisation. Overvalued probably but he is there for the exploration
Run by some very good, competent people. Main zone is very good grade but as you move along the trend, it seems to be offset and driving deep so they are losing the grade and continuity to some degree.
Have had a tough time getting their mine working. Veins are not hanging together as they would like and there is a lot more dilution in the open pit portion of it. Having trouble with high-grade getting mixed in with low.