Last price target seems to have come back in March (* article) . Seems like a huge uplift in their valuation. 53% increase....
Would be interesting to read what Euroz price target is (though.... I take everything with a huuuuge grain of salt after having a friend work at Euroz many years ago).
Slightly off topic, but I still view RMS as the most likely suitor and... their window of opportunity with Penny printing cash is clear as day to see, they have missed out on Beta Hunt (Karora), so where else they can they acquire a 150-200k p.a producing asset for much less than their current market cap.... I am fairly neutral on the idea to be honest, as I do think RMS is like a body builder that has hit the roids hard.... looking good right now, but... Edna May and Penny are finite and then RMS will come back down to earth (the mine plan for RMS 3 years into the future is aprox 160k p.a. As Edna May gets turned off next year..... Dalgaranga would be turned on.... then RMS does not need to upgrade their aging plant (which they have run studies on, because they have huge stockpiles of low grade ore that is basically being wasted), as they could send all their higher grade ore to Dalgaranga and use up their stockpiles etc.
. Anyway.... not complaining about the price move, but... hopefully its more to do with the drill bit.
SPR Price at posting:
78.0¢ Sentiment: Hold Disclosure: Held
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