Yeh, $10 is a long shot any time soon.
But with current grades/deposits and management, I can't see it hanging around these prices for too long.
Instos/smart money got in at the ipo, so currently I'd assume it's only retail trying to get in, which I also assume not many know too much about BRE.
With the top 20 owning so much of this company, on further results, I can't see this hanging around these prices for too long. And like yourself, I think $3-$4 is fair value for this year.
But no reason by the end of the decade this couldn't be at $10.
I haven't been this excited for a company in a while.
Market cap way off, page-9
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Last
$2.60 |
Change
0.000(0.00%) |
Mkt cap ! $242.8M | |||
| Open | High | Low | Value | Volume |
| $2.60 | $2.64 | $2.51 | $196.1K | 76.01K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2359 | $2.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.60 | 9999 | 1 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| BRE (ASX) Chart |