Good question yarracorp, but how long is a piece of string?
The fact this has been trading at such a significant discount for the last 12 months, it would be a fair call that most of us long term holders would be happy to see our pre-consolidation levels surpassed once again.
Between 20 to 30 cents would be a reasonable start being pre TCM. Soon after, I'd be happy to see this work its way up towards 50 or 60 cents which would represent a fairer M/C.
Call me optimistic to think this could be anywhere near $1, but give it another 2 to 3 years it's a decent possibility. By then, it's highly likely to be take over target anyways.
PZC Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held