I think no chance of 25-30c. The valuation by Petra capital and Cannacord were 38c and 40c. These already applied discount factors based on Indonesian risk! Bearing in mind that the company is 100% watertight on its corporate structure for the Indonesian mining legislation. Then you have the resource upgrade due. You are too pessimistic imo. My first thought was always they got the numbers mixed up i.e. 32c not 23c. And to me I'm not interested at 32c.
FND Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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