20c would be close to 2B market cap if the deal goes through, so the stars would need to really line up with drill results, pog, mills, reserves ans $/oz
they certainly will be able to do a lot next year, but it will not produce good number on the Q's. We will still be in the scenario where we spend more than we earn. The SP has been punished by this in the past.
So again it will be a while till we see earnings more than expenditure. They need this to pay divies. Even if they find stuff it will take a while to get into production.
I have had a market cap target of 1B for a while, the new money hasnt changed that in my mind yet but has changed the sp value to get it. So maybe around 10c next year if the stars line up.
p.s. i am not taking any SIR discovery type factor into account. I am looking forward to what they find at TI though. SIR shows you cant rule 20c out. In the end I would be very happy with 6-7c
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