Thanks flyover,
I don’t have time to read it right now but I can see their price target was $1.50. As you say a lot has happened since. This is going to be a substantial improvement in NPV from the PFS to the DFS now due in the first qtr of next year.
With the price of Cobalt and Scandium soaring and now the 30% improvement in Cobalt grades + Platinum you would think the NPV could easily double to the 2-2.5 billion range.
I think we’ll fly by the $1.50 mark and settle around $2, with further upside as announcements come in.
Macquarie Bank Research Report, page-2
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