From Rodman and Renshaw
Raising our target price to AUD 4.00 from AUD 2.75
Our target price is based on the Perseus shares trading at 2x our estimated NAV of AUD 1.90/share. Perseus Mining owns one of the largest undeveloped gold deposits in West Africa having a total resource base of 7 MM ozs of gold. We expect the resource size to be increased to 10 MM ozs with more drilling at which point every major gold producer
in Ghana will take a closer look at the company. We believe that at the current gold price, Perseus is a take-out target and the acquirer will have to pay a significant premium to the current share price.
From Rodman and RenshawRaising our target price to AUD 4.00 from...
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Last
$2.53 |
Change
0.060(2.43%) |
Mkt cap ! $3.481B | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.54 | $2.50 | $19.29M | 7.642M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12593 | $2.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 47166 | 4 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PRU (ASX) Chart |