RBC upgraded SAR to Outperform and slapped a price target of...

RBC upgraded SAR to Outperform and slapped a price target of $3

Reading some recent posts and it appears that some are of the view that the stock was overpriced at $3. Would be great to get some thoughts and the rationale behind such assertions as I respectfully disagree with that. Doing some very basic calcs and based purely on NAV of the operating assets, exploration and net cash the NAV/share is north of $3.10...

This is copped an unfair smack down, off more than 25% off the highs and grossly over done and current share price offers ample valuation support and some..

Should see marginal buyers step up and take advantage of the current weakness.