OTCQX:GTBAF - Post by User
Post by
Iveybiz79on Oct 25, 2021 1:37pm
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Post# 34045977
$40 price target just issued
$40 price target just issuedResearch Capital ups target In a note reacting to Monday's news, analysts at Research Capital raised their price target for Great Bear to $40 from $36 and repeated a 'Speculative Buy' rating on the stock. The analysts said: "The results were excellent with recoveries varying from 95.2% to 99.2% (averaging 97.2%). As a result, we have increased the assumed gold recovery for the LP Fault zone to 95% from 90%, previously." They concluded: "This has a material impact on our estimated value of the project, increasing its NPV5% to $4.4B to $4.8B. Therefore, we are increasing our target price to $40/sh from $36/sh, previously."