my price target for q4 next year is 10-15 cents
this is based on conservative assumptions 1) cap raising later this year, no. of shares from 140m to 280m
2)asic base of $800 dble that of current asic of $400 ( assume
pyrite/copper prices received to be a lot less of what is currently anticipated, am assuming slower global economy and thus lower demand for pyrite/copper)
3) assume aus gold price of $1500
4) funding for mine is 100% debt/hedge funded
I like to be conservative at this point in time and of course as we get more info e.g. pfs, bfs, finance arrangement etc. and more variables become less variable then i'm more than happy to reassess the price target
just my 2c worth
cag
CRB Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
