Markjamo.....if you read some of the broker reports in detail they range from a 7% to a 14% chance of success (COS) and thus why they have a 17 cent or a 26 cents target in the short/medium term.
I am no genius but 7%, or even 14%, COS at this stage of proceedings seems very low to me.
I think they cant put a larger COS on it than that because if they extrapolate their models out to a higher COS they get such a large number that it would look stupid to recommend to their clients a share price that is that much higher than it is currently trading at (ie) they have a "reasonality" factor in their model to try and fit a share price target into their spread sheet.
You will notice they also list Unrisked numbers...ranging from $1.20 to $1.32 I believe.
IMO
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Markjamo.....if you read some of the broker reports in detail...
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