Latest Broker Research from Bell Potter on 18 March has a $6.35 price target after analysis of recent metallurgical and drilling results. Interestingly, they believe we can produce up to 300,000ozpa of Palladium, which would yield US$788,400,00pa on its own. Of course, there are lots of assumptions thrown in there but clearly highlights the potential gargantuan upside here. Please DYOR.
“The testwork program also gives an insight into the potential value of Julimar. Based on current spot prices and the recoveries achieved from sample JSG1, we estimate a recovered ore value of US$380/t - equivalent to 6.8g/t Au or 4.2% Cu (recovered basis). At a notional mill throughput rate of 3Mtpa, palladium production alone would be ~300kozpa, assuming the testwork grades and recoveries.”
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