After taking the above Q into consideration Shaw & Partners believes more than a DOUBLE is at hand!#2 Santana Minerals Ltd (ASX: SMI)
- Current price: $0.56
- 12-month price target: $1.36
- Potential upside: 142%
- Market cap: $357 million
Santana Minerals 1-year chart (Source: Market Index)
Santana’s March quarterly activities report has revealed a number of positive developments for the Australian precious metals explorer, with Shaw and Partners maintaining a price target of $1.36 a share.
The company has updated its mineral resource estimate (MRE) in New Zealand’s Rise and Shine valley to show an improved inventory of 1.5Moz of gold (at 2.5g/t Au), revised up from 1.4Moz (at 2.4g/t Au).
It has also lodged a mining permit application in New Zealand for its Bendigo-Ophir project in Central Otago, and will be submitted under a “fast-track” application in June. It is the single largest gold deposit discovered in New Zealand in more than 40 years.
Santana also finished the quarter with $55.4 in cash and was added to the All Ordinaries Index as part of the March rebalance.
OV
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Last
59.5¢ |
Change
0.010(1.71%) |
Mkt cap ! $430.0M | |||
| Open | High | Low | Value | Volume |
| 58.5¢ | 59.5¢ | 57.0¢ | $247.6K | 424.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 200000 | 59.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 150 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| SMI (ASX) Chart |