And the basis for this target is??? Your psychic powers that know what the market thinks???
Technically right now it is smack bang on my uptrend line that started back in Feb around 50c. Also recent support at 1.56. Breaching that could see a pull back to support around 1.50, with perhaps a time of consolidation at this level.
Fundamentally... would hate to be left on the sidelines when something further is announced about Canada, via farmin, dual listing, or flying solo. Also South Africa should rapidly progress over the next 6 months as reserves allow a move to sales agreements and using production. There should be news on China soon (usually quarterly), an update on QLD assets as outlined in the announcement on reserves earlier, and continued progress in Gloucester with a view to further reserves early in the new year.
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
