"I do agree that the share price will not shoot up fast due to their larger share float but for long term investors (3 year window), I believe the potential here is very high with a very limited downside from here"

Well there is the expectation that gold is not finished discounting as yet and thus likewise the gold companies. Therefore I'm not sure that the downside is quite defined yet, though it might be close to where it will bottom. I would prefer to wait for an observable upward trend in gold again before jumping in, aside from all of the pluses and minuses mentioned so far. I will look forward to tracking this one to see how it stacks up to G's expectations.