$0.93 price target for NCZ, page-2

From that chart back in 2017 in a quarter it went from around 20c to around $1.50 - very swift rise at the time. Then a gradual but persistent decline till just prior to May this year - around the time of IGO announcements and then further announcements re Goro.

During the course of that timeframe plant ramped up production via refurbishments and not being a chartist there would surely have to come a time for an upward share price reversal. Not sure how derivation of 93c is attained (would be happy with that) but as plant capacity is near their specific targets, profits should flow from here on in and if so, markets will reassess and presumably a rerate is in the offing.

Interestingly, back in 2017 there was a plant that was in need of major refurbishment, not producing, a lot of expectation and a surge of share price - 3 years on with all that work and here we are. Go figure.