takeover target minmetals and barrick gold

I have a price target for DML of around $4.20 initially and $9 when they increase production to 60,000 tons a year. Dml has around the same size resource as equinox but more potential and higher grade. A takeover bid could see the share price reach $18.

Copper is the new gold because its very rare and takes 4 years for mine development.

I would not sell DML at $18. If DML prove up a good manganese resource they will have fantasic potential way past an $18 share price. I would not even sell for $37, there is too much potential.