Insightful software,
Seems once the green starts, MMC's sp goes on quite a run.
That last green stretched for a 39¢ run , so applying from today puts a target of 113¢.
If we apply Fibonacci expansion to the last Cr
CR 45¢ x2 = 90¢ (recent peak 89¢ is near enough that 90 was likely the target)
45¢ x 2.618 = $1.18 (which would put us on a market cap $132m which is only what the plant + other infrastructure alone had been valued at)
Cannacord far exceeds with target at $2.30 and I understand thats a base case scenario which will need to be adjusted higher with near term resource upgrade
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