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$1.08 cardinal resources limited

All at bit moot ATM. Will also depend on POG as well. They could...

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jeroboem

793 Posts.

01/12/15

19:27

Post #: 16523295
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Originally posted by Orwell ↑

Yes seanmorr, you're reading it wrong.

Hartley are positive. They have a 12mth price target of $0.27, so the stock boasts a potential 75% profit over the next 12mths, IF it can demonstrate a 1 Moz resource. Thereafter, 3 or 4 years to get into production.

Current fully diluted market cap is $46.7m so not cheap for an explorer, but Hartleys are basically saying it could be worth $80m as the discovery is proved up.

So a potential nice return but not as much as you suggest.

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All at bit moot ATM. Will also depend on POG
as well. They could possibly double, triple
the 1 M OZ .
Will see.
Cheers

CDV Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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