Difficult to put a 12month price target on any junior explorer but i think $1.30+ would not be unreasonable. We could see it move higher but coal companies that are a number of years off exporting always trade at large discounts, even established coal companies appear to be trading at huge discounts, re CEY etc. We need to see a decent met coal JORC from MacKenzie River before this stock moves anywhere.
SMR is probably the best coal play going at the moment, small capital base, experienced management and an impressive looking list of tenements. Likely to turn into a multi bagger in a few years
s.loeb
SMR Price at posting:
71.5¢ Sentiment: LT Buy Disclosure: Held
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