I didn't say there were 'poor' I said that they were not conservative.
I also suggested that your analysis is not appropriate for determining what the current share price should be however it is appropriate for determining what the share price could be once production commences.
On the first page of the resource events copper presentation the company give a price target of 56cents.
Mind you in this market I there are dozens of stocks trading at below an independent price targets.
Looks like even the company doesn't agree that the Jabal Sayid should have a value of $1 billion on the MC right now.
Like I said this could be a good long-termer and is on my watch-list, but there are other thing that have grabbed my attention a little more at the moment and I am concentrating my time to researching them for now.
SDG,
I think that what you want me to say is...
OMG this is cheap!!!!!!! I'm going to re-mortgage the house and sell my car to buy more of these!!!!!! Cheapest stock on the ASX!!!!! Will be $1 buy next week!!!!
CGG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
