Expects more corporate activity in the gold sector and this one stands out as a takeover target based on net asset value. Good quality assets. Feels that golds are coming back down and you look at them again in the fall.

Trading at 6X earnings. Because they have so much away from the Gulf and their liabilities are somewhat limited and if you can stomach the volatility in the short term, you should make money buying it under $50.

Thinks the market didn't like them upping their spending so it fell off. Little more positive on natural gas prices now.

Looking to acquire about 50% of 2 uranium mines in Russia giving a $1.06 dividend. Uranium prices are on the verge of turning up. Can see it getting into the $3.50-$4 range.

Recently did a financing, which has put a short-term lid on the stock. Growth is there on a cash flow basis. Wouldn't have a giant position on this but if oil prices continue to go higher, they'll do well.

Lower growth but the dividend is safe. If your expectations for capital returns are not particularly high (but you will get a safe dividend), this is fine.

He recently lightened up on fertilizers because he is concerned that prices are going to be softer in the back half of the year. Missed their production and shut their mine. He would prefer other base materials such as coal, base metals, etc.