I appreciate you posting this broker report to back up your price assumptions.
My opinion,... it's a complete load of shiite. Cannacord's +$8 billion price target is based on a Havieron expansion of 4.5Mpta production. Anyone in touch with reality knows that will be in around 8 years at best,...yes, year 2033. They don't even put a predicted date for 4.5Mtpa full capacity production, because they know it's well into next decade.
If Havieron Underground development is not even on Greatland's official critical path plans, how do you even come up with a bogus evaluation near $9 billion!...yes, my maths are correct, apparently you think mid-tier Greatland Gold is worth 3 times the MC of 3 of Australia's most successful mid-tier miners, RMS, WGX and VAU...snap out of it mate.
But I'll give you Greatland holders this, with Mark Barnaba onboard, I wouldn't be surprised if he pumps it to the moon the Telfer life extension and the Havieron expansion being brought into our base case. We therefore raise our target price to 29p
(20min delay)