The US infrastructure spend is over the 8 years of the administration.  It will not move the needle all that much, but this company is one of the top ones to benefit from it.  We are back up at the levels when SNC-T had the problems mid-2014.  He would buy on dips, but does not see a big upside breakout here.

The best 100 companies with write-options 15% or so below market.  If markets decline rapidly, you don’t get a lot of support from it.  But if a decline is over 6 months you won’t see a lot of downside.

They just put a mine into production.  The good news is they have produced more karats than expected, but the bad news is what has happened in India.  He hopes it stabilizes and goes away.

They are going to mine both gold and antimony on a decommissioned site, but it only works at $1600 gold.  They are raising money, permitting and drilling, but will anything get permitted in Idaho with Trump’s anti-globalization policies.  Antimony mostly comes from China.

In February they finally got approval.  Brazil has been hard to get permits in because of the bureaucracy.  We are waiting for cash flow to start and for gold to go up.

One of his favourites that turned into a train wreck.  It had to be reorganized.  They are still doing gold-in-groundwater activity.  They are using a technology that no one else has ever done for gold.

Quebec area.  They have new management.  New geophysics has been done.  They realize there is a lot more going on in this area.  He prefers other operating in the same area.  He thinks there is nothing going on on the property MKR-X operates in.