My target is bit higher than that. I am thinking 4c at a minimum. just my opinion, however I understand that it puts us with a MC of approx $40M or so. Not unachievable. I recall seeing shells with higher MC's than that.
With that being said - We've got:
- Zinc assays due in a few weeks
- Zinc price moving higher
- "new mineralisation intersection in several exploration holes... outside the current resource boundary at Mt Bonnie " from quarterly today.
- "The PFS forecasts the Hays Creek Project to generate an NPV of $133M"
- "...it is envisaged that the project can be ready for development in 2020 and will directly employ approx 130 people."
All that for $18M MC currently.
Not saying any of the above will eventuate - Nothing is certain - however with zinc on the up... and all the above being reported - might be a good punt.
Perhaps the market will wake up sooner or later. Who knows. my guess is as good as anyones (speculation).
Might be just waiting on the zinc results to confirm all the above.
Your risk appetite will determine at which point you enter and exit.
All in my uneducated opinion guys. DYOR
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