JP Morgan raises price target to $2.31, page-11

A year ago didn't particularly look like t/o material with short LOM but now ...and with the GP going off... .
There just might be someone looking for ready made exposure to gold mining with deep pockets and a pesimistic view of world markets .

I did say on another page that I thought almost impossible to find an undervalued gold producer of significance in WA at present but just in case someone sees the comment and gets the wrong idea .....while RMS clearly priced way over what can be justified on past performance it's for a reason ...future performance will be much much stronger . I've juggled numbers and estimated a prospective PE for RMS for the next FY of 12 based on current price which makes it as cheap as any of the main producers and a lot cheaper than most .
Still no intention of selling ANY below $2.40 to $2.50 .
Might sell SOME then but do intend to have the golden horse as a significant part of my gold exposure going forward .