RHC $90 price target, page-3

"$90 achievable in about March 2018."

That works out to 16%pa compound annual return on one's capital, plus 2%pa from dividends.

It basically means that the company's earnings keep growing like they have done in the past few years and that the stock holds its current valuation multiple.

Nothing too unreasonable and implausible about that outcome.


And, given the quality of the business in question, on a risk-adjusted return basis, that would arguably be one of the best investment opportunities on offer in the market today.

I'd argue that, on a risk-adjusted basis, an 18% pa CARG from RHC is equivalent to 100%pa return from a mining stock.