I'm with you! I've got a $15 price target within 5 years.
I'll go a step further and get laughed at for my reasoning.....
We will have minimum 3 mines producing, I have zero doubt. I also believe mining services may be a separate entity.
Throw in higher demand for our metals / higher prices, we will be generating $400m per year.
Use whatever multiple you want, but it could easily be $3-$4 billion market cap.
With much higher potential upside.
Positive vibes to you Rothy!
Yes I am over committed, but anyway!!! Lol.
My average is $2.381 to be precise, I know I'm circa 10% down but I see a lot of potential upside. I don't do margin lending, so it can go as low as it wants, I'm here for the next 5 years, see where we are at. But if it hits $15, the beers are on me!
Yes I am in mining, yes I do know it is cyclical and very difficult to get a mine running. Yes, I do know management is EVERYTHING.
DYOR, not financial advice etc etc blah blah blah
Fair Value, page-50
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