broker report @ $2.70 - gidgee undervalued

PAN – Panoramic Resources – UBS – Buy – 270c target price (94% above the current share price) – They say the market price is implying a zero value for their Gidgee Gold project. “With business-as-usual across the nickel operations, we believe Gidgee offers investors diversification through exposure to the gold space. Initial results from Gidgee appear encouraging with further developments to start unlocking value”.

DYOR - I tend to aagreeaboout Gidgee though, particularly if the gold price keeps going.