Toronto junior's shares up 14% after grabbing samples ranging from 5g/t to 198g/t gold over 15km of strike length at its newly-consolidated Qiqavik project.
The pair share observations from their recent travels and a short list of companies they are compiling to take advantage of a possible upswing in gold in all currencies.
Despite the loss and a 94% drop in earnings, analysts believe the company's modest debt of $116 million makes it well-positioned to act on opportunities.
Anglo American and Freeport's credit ratings were recently slashed to well below investment grade – other marquee mining names may soon share the same fate.