The analyst from Scotia is on an island all by himself. The other analysts seem all to be bullish. Once the PEA has been released IMHO this guy will end up looking like a fool. It could be a career ender for him. Not sure why he would risk it all. Two and half years ago this guy was an associate at a tiny firm:

G&M, Oct 21, 2012:... "The mining-focused buildout of the research department at Scotia Capital continues with the hiring of junior gold mining analyst Ovais Habib.

Mr. Habib and his associate, Mike Hocking, were most recently at Stonecap Securities -- the employee owned firm that spun out of Blackmont Securities when Blackmont's retail business was sold to Macquarie Group. "...

Now he thinks he knows more than the senior bay street analysts....good luck with that Scotia!