in repsonse to the post title, just found broker report on AXM website by southerncross
http://www.apexminerals.com.au/reports/AXM22October2008.pdf
net present valuation and 12 months target of 65cents.
assuming GUP floor of $900 and warrant exercise price of 23.5c p/share.
seems a pretty conservative valuation and target, leaves plenty of upside should gold rocket.. fingers always crossed ;)
what price should it really be?, page-10
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