I have been reviewing the resource estimates for Range (aka Horn Energy) and I have derived a share price based on current distributed equity (i.e. current structure) of AUD60.00
This no doubt will ring tones of absurd/crazy/foolish but I can tell you this has been validated by a credible analyst....fullstop
If you thought Paladin was a wonder, going from 4 cents to 5 bucks in two years, how about Horn going from 3.3 cents to 60 bucks in the same time frame.
It is not so stupid when you consider that Horn will be in three markets, with the LSE being the most sophisticated market in terms of scale and pricing for this and any sector (and I know 'cause I am here on the very same matter)
Anyway my thoughts, but also validated by many pairs of clever eyes....
jr
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held