We have increased our target price to $0.15/sh (previously $0.12/sh) as a result of
project de-risking, and increased near-term copper price estimates......This is what BP think
Are they being conservative or are they wishful?
Some here believe that finance is being factored in and 10c is where the sp should be.........
Others here think that Finance is no where near being factored into our sp and are talking anywhere between 15cand 20c
Risk IMHO is being removed now albeit finance yet to be cemented in.
My call is that with mining equipment secured and on its way, that finance is no longer a big a deal as it was before BR and APP joined the ranks
Risk is still around but for me the fact that, when........not if, finance approval is officially ann this will cross many big screens and my guess is sp will be between 12c and 14c after finance ann released.
Many catalysts to follow and that could come from commencement of mining , first pay dirt..etc etc
Any thoughts/guesses?
AVB Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
