construction, page-44

What I'm saying is that generally their assumptions for sale price are much higher than the current price.

e.g. the report in March from canaccord has estimated price of ~56/lb in 2015 and 2016 and then $62 in 2017 and uses a discount rate of 8% to arrive at their price target of 7c.

But like you say, you can't put much faith in these reports.



I'm sure I could figure this out with about five minutes of googling, but I speculate that the brokers doing this optimistic coverage have something to gain by drumming up interest in the stock.

i.e. who owns dundee and canaccord and what companies do they hold big positions in?