Good share price performance today. Well done. But we are still...

Good share price performance today. Well done. But we are still trading at a large discount to fair value (and to peers) + plenty of blue sky upside!

I'm upgrading my target price to 30c (from 25c previously), based on:
- successfully raised $10m and fully cashed up for the next 12-18 months
- anticipate a more aggressive drill program post cap raise and so higher probability of finding more Au ounces and good drill results over the next few weeks
- RMB debt overhang has been cleared

Shares should re-rate further to 30c in this gold market.
Then we need drill results to take this to the next level ie. 50c+.

All my opinion of course!

GLTA