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25/10/22
15:12
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Originally posted by notned:
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Long term prospects look good. I think $30 will probably look good in a few years time. Copper will only get better as we continue world wide electrification. Of interest is that this discussion gets a run on the same day as Goldman cuts target price to $18.90. and Morgan increases their target price to $25.70. These target prices two months after a $25.00 offer by BHP. I would like to understand why Goldman thinks $18.90 is an appropriate target price. The Brazil elections is the only possible explanation I can think of. I'm happy to add to my holding at this time.
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Sure, but you would need to discount that $30 in x years to today's offer & trading price & then consider a rising risk free rate ..