I have milestones in mind, more so than a particular price target. First one being the current POG rally, which probably has at least 6 months of life in it, within a broader up trend that will keep on going for years. My first sell point is possibly if / when the $POG rises $200-300/oz. In the mean time we will have 1 to 2 quarters of strong production, continued pay down of debt and hedges, and potentially a TO as potentially amazing price catalysts.
A few months ago, after the 13.5c rights issue, I thought all these milestones coming together should get us to the low 40's, but we're most of the way to 40c already! The POG rally is only just getting started and all these catalysts are yet to play out. Back then some of us were ridiculed for the 40c predictions, 'kids in the corner with crayons', lol. but just look at us now at 36c today. Now, on the same milestones ie debt fully repaid, hedges wound down, net cash building quickly etc.. I'm confortable with 50-60c predictions over ~12 months.
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