Cannacord released updated research report today with Spec buy and price target of 55c. Blackswan recently increased their 12 month price target to 90c.
Very illiquid recently - have bought a few more despite saying I was going to sit on the sidelines until I saw a bit of support around mid-30's. looking forward to the following
1. Dunlevy permits
2. Drilling season - Dunlevy and crown mountain
3. Coal quality and yield test work - crown Mountain.
4. Dunlevy resource - could be significantly higher than the conservative estimated provided by the company.
5. Small caps/ specs getting some investor support - has to turn at some stage
Regards to the faithful!!
Cheers
Doyle
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