85c Target Price is obviously a very conservative target given they only rely on 261mt resource which has not taken into account the deeper section.
But even at 85c target price it is still a whopping 203% undervalued.
When the company locks in off-takes for REE and provides more updates on construction of phase 1 processing plant, plus more details about funding for bauxite and more off-takes, I think the next update target price will be a big jump to $1.20 -$1.50 or equivalent to around 350%-400% premium compared to 28c close yesterday.
Just sayin', page-7
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