RE: So why are these guys not buying??They are not buying because this project as a minimal chance of ever developing into a mine. The reasons is the location of the deposits.
One deposit is so close to the town of Aupaluk that residents could see mining from their living room windows. Also the herd of caribou that migrates every years in the vicinity of town and often right thru would move miles away , the second deposit is near the Payne river the best Arctic char river in Nunavik and the third is at Roberts lake where Inuits from Kangirsuk and Quaqtaq go camping and fishing every winter. Makivik Corp. that represent the inuits of Nunavik will not allow those land mark to be decimated by mining, they sign an agreement for exploration not production.
This play is a trade not a buy and hold.