It wasn't Rick who mentioned 300%. They were talking Canadian dollars also, so at todays exchange rate AU$1.65. Although I believe the Broker had this price target for when the mine is operational. If you work on the old theory a Developer's share price will increase by 90%, 90% of the time during the development phase. You could expect a share price for CDV when they have finance sorted of between AU$0.80- 0.90 cents which I'd have to say at the moment I'd be more than happy with.
CDV Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held