EGR 10.0% 11.0¢ ecograf limited

Price Target

  1. 830 Posts.
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    I see this on the Gold Thread and thought this might be worth teasing out other peoples thoughts on the potential here.

    I'm not looking for pie in the sky "moonshots", but genuine estimates of where the SP will go short/medium/long term.

    Short Term (weeks) - near term announcements of EcoGraf and Loan term sheets ?
    Medium Term (months) - end of 2018? Finance approved.
    Long Term (1 year +) - upon positive cash flow with mine built and operating

    …… I will go first with my calculated estimates. Happy to share assumptions with those that are genuine

    $0.45 - short term (next announcement expecting is EcoGraf / GGG / loan terms)
    $0.90 - Medium Term (upon formal finance announcement - will break old highs)
    $1.80 - Long Term (once we are starting to look at dividends, based on DCF and PE)

    At this stage I have lower downside risks compared to 6 months ago, given the recent positivity in Tanzania, and the addition of the EcoGraf business.
 
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