Starting to look like a re-rating is on the way.Dolphin 58 said...

Starting to look like a re-rating is on the way.

Dolphin 58 said at the AMEC conference that Moore thinks that they should be trading on a pe of 10-12 and that is the message he is pushing. Maybe the market is starting to listen.

Assuming a pe of 11, then MCR should be trading at about $5.50. Expected eps of 70 cents this year, so a a target price of around $7.70 over the next 12 months, plus upside for any additional exploration success.
Next 12 months will be very rewarding in my opinion. If you get 1 MCR in your life, then truly you are blessed!!!