https://www.rameliusresources.com.au/wp-content/uploads/bsk-pdf-manager/2020/07/June-2020-%E2%80%93-Morgans-%E2%80%93-Market-Update.pdf
As per Morgan stockbroking research
"We have elected to use a flat gold price and exchange rate for our valuation, as
opposed to a more traditional price deck. We believe this better reflects the price
volatility commonly seen in gold stocks, particularly in response to spot gold price
movements. Put simply, the gold price and exchange rate we will experience in
future are the major unknowns for any gold producer. They are also almost
universally the two largest sensitivities for any Australian gold producer valuation."
The Morgans Research had a target price of $2.31 and there is a table illustrating gold and exchange rate sensitivity see attached.
Based on US$1700 and an Aussie Exchange Rate of 0.69 the analyst called a $2.31 price target
Based on US$1900 and an Aussie Exchange rate of 0.71c the analysis suggests a price target of $2.62.
Looking pretty good folks !
https://www.rameliusresources.com.au/wp-content/uploads/bsk-pdf-m...
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