View attachment 1035295 Bell Potter research report 18/1/18 values BRB at $1.30 and was trading at $0.67 on that day.
So broker outlook is $1.30 yet in their report they are predicting a capital raise of $8m at $0.65 during the coming 12 months.
Doesn’t make a lot of sense really and seems a bit contradictory.
Do they know something we don’t?
At current prices market seems to be factoring the worst case scenario IMO.
Ann: High-grade lodes confirm underground potential, page-37
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